Is Fiserv’s 21% Stock Plunge the Start of a Major Shakeup Investors Can’t Afford to Ignore?
Besides the organic revenue issue, Q2 results were fine. The company earned $2.47 in adjusted EPS on revenue of $5.52 billion. The topline was $320 million ahead of Wall Street consensus, and the bottom line was 4 cents better than projections.
Fiserv stock forecast
The Fiserv stock price has fallen back to the February 2024 levels. This is scary, but it could be a great time to take a long position. The best bet is usually to wait until a stock consolidates sideways or bases after a major tumble, cut FI stock looks different.
Post Comment