Truist Securities has reiterated a ‘Hold’ rating for Fidelity National Information Services (FIS) but reduced its price target from $69.00 to $57.00, marking a 17.39% decrease. This adjustment follows similar price target reductions from other analysts including Susquehanna, Keefe, Bruyette & Woods, RBC Capital, Citigroup, and UBS, although some maintained ‘Outperform’ or ‘Buy’ ratings. Despite these reductions, the average target price from 20 analysts suggests a potential upside of 35.93% from the current price, with GuruFocus estimating an even higher upside based on its fair value assessment.
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FIS Analyst Rating Update: Truist Securities Lowers Price Target
Truist Securities has reiterated a ‘Hold’ rating for Fidelity National Information Services (FIS) but reduced its price target from $69.00 to $57.00, marking a 17.39% decrease. This adjustment follows similar price target reductions from other analysts including Susquehanna, Keefe, Bruyette & Woods, RBC Capital, Citigroup, and UBS, although some maintained ‘Outperform’ or ‘Buy’ ratings. Despite these reductions, the average target price from 20 analysts suggests a potential upside of 35.93% from the current price, with GuruFocus estimating an even higher upside based on its fair value assessment.