27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Many analysts boosted the price target of Fiserv Inc (NYSE:FI) after upbeat Q2 FY23 results reported yesterday.
Fiserv reported revenue growth of 7% Y/Y to $4.76 billion, beating the consensus of $4.54 billion. Adjusted EPS of $1.81 beat the consensus of $1.79.
Fiserv raised the 2023 guidance for organic revenue growth of 9% - 11% (prior view 8% - 9%) and adjusted EPS of $7.40 - $7.50 (prior $7.30- $7.40) versus consensus of $7.37.
At an Outperform rating, RBC Capital Markets raised the price target to $144 from $133, Credit Suisse upped it to $140 from $135, and Raymond James increased it to $145 from $144.
RBC Capital analyst Daniel R. Perlin revised estimates for adj. revenue to $18.09 billion (from $18.15 billion) and adjusted EPS to $7.46 (from $7.40) for 2024 and $19.4 billion (from $19.49 billion) and $8.45 (from $8.40) for 2024, respectively.
Credit Suisse analyst raised the 2023 EPS estimate to $7.45 (from $7.38), while the 2024 EPS estimate was maintained at $8.63.
At a Buy rating, Citigroup upped the target to $150 from $140.
The analyst raised the EPS estimate to $7.45 (from $7.35) for 2023 and $8.70 (from $8.55) for 2024.
Also, JP Morgan raised the price target to $136 from $133, maintaining an Overweight rating.
Price Action: FI shares are trading lower by 3.28% at $123.13 on the last check Thursday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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