Fiserv Inc

FISV: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Fiserv: Increasing Our Fair Value Estimate to $198 from $168

Brett Horn

Mar 3, 2025

We are increasing our fair value estimate for narrow-moat Fiserv to $198 from $168 per share after reassessing and raising our long-term growth and margin assumptions in light of the recent performance of the company. Our fair value estimate equates to 19.1 times our 2025 adjusted earnings estimate. We still see shares as a bit overvalued at the moment.

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Fiserv Inc

Fiserv: Increasing Our Fair Value Estimate to $198 from $168

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