Fiserv, Inc. (FISV) is an Equalweight amid Competitive Pressure and Evolving Trends: Morgan Stanley

Fiserv, Inc. (NASDAQ:FISV) is an affordable blue-chip stock to buy. On November 13, analysts at Morgan Stanley reiterated an Equalweight rating on Fiserv (NASDAQ:FISV) and set an $81 price target. The neutral stance comes as the company navigates a competitive landscape amid evolving payment trends and digital transformation in banking.

Amid the challenges, the company has remained profitable, generating $21.16 billion in revenue in the last 12 months. Revenue in the third quarter increased 1% to $4.92 billion and was up 5% to $14.90 billion for the first nine months of the year. Adjusted earnings per share for the first nine months of the year were up 6% to $6.65.

“Our current performance is neither where we want it to be nor where our stakeholders expect it to be. As the world’s largest Fintech, Fiserv has the size, scale and suite of innovative products, networks and platforms, including Clover, to capitalize on the rapidly evolving finance and commerce landscape. With the actions being announced today, Fiserv will be better positioned to drive sustainable, high-quality growth and reach our full potential,” said Mike Lyons, Chief Executive Officer of Fiserv.

Fiserv, Inc. (NASDAQ:FISV) is a global leader in financial technology and payments, providing services to financial institutions, businesses, and merchants. The company offers solutions for account processing, digital banking, e-commerce, fee processing, risk management, and data analytics.

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Disclosure: None. This article is originally published at Insider Monkey.