{
  "id": 18179290,
  "title": "Raymond James cuts Fidelity National stock price target on weak outlook",
  "url": "https://urgent.news/2026/11/04/raymond-james-cuts-fidelity-national-stock-price-target-on-weak",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T20:40:49.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/raymond-james-cuts-fidelity-national-stock-price-target-on-weak-outlook-93CH-5001175"
  },
  "original_language": "en",
  "account": "Raymond James has reduced its price target for Fidelity National Information Services (FIS) stock to $35 from $50, while keeping an Outperform rating. The firm highlighted disappointing third-quarter results and cuts to 2026 and early 2027 revenue growth expectations. Third-quarter performance was close to estimates, but recurring revenue growth slowed in both segments. FIS currently trades at a P/E ratio of 4.6, and appears significantly undervalued based on InvestingPro data.\n\nThe company lowered its 2026 adjusted earnings per share outlook by about 6%, and the 2027 outlook anticipates flat revenue growth and a moderate decline in adjusted EPS. This is well below market expectations of 4% revenue growth and 7% EPS growth. The departure of the CFO adds uncertainty to the outlook. FIS shares fell about 24%, from $40.15 to $29.75, nearing its 52-week low of $32.09.\n\nInvestors may need patience as management aims to rebuild credibility by meeting near-term targets. FIS reported third-quarter results that slightly beat expectations, with adjusted earnings of $1.61 per share on $3.45 billion in revenue. However, the company warned of weaker margins and earnings for 2027, prompting doubts about future growth. Fidelity National Information Services also received a downgrade from William Blair, who shifted its rating from Outperform to Market Perform due to concerns over decelerating revenue growth and limited improvement prospects.",
  "summary": null,
  "key_points": [
    "Raymond James lowers FIS stock target to $35 from $50",
    "Disappointing Q3 results and revenue growth slowdown cited",
    "CFO departure adds uncertainty to outlook"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}