FIS rated 'BUY' with $90 target, seen 15% upside on strong fundamentals despite slow growth.

Fidelity National Information Services (FIS) is rated a 'BUY' with a $90 per share price target, implying a 15% annualized upside. Despite slow revenue growth and the divestiture of Worldpay, FIS shows resilient fundamentals including 10% adjusted EPS growth projected for 2025 and a well-covered 4.2% dividend yield. The stock trades at a deep discount below 7x P/E, far lower than its historical multiples, reflecting market pessimism that appears disconnected from its stable earnings and loyal client base. The analyst plans to increase holdings as restructuring costs decline and client budgets stabilize, expecting a significant re-rating potential for the stock.