Wells Fargo upgrades Jack Henry stock rating on revenue growth outlook

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Wells Fargo has upgraded Jack Henry & Associates (NASDAQ:JKHY) to Overweight from Equal Weight, raising its price target to $196.00 due to strong conviction in the company’s fiscal 2027 revenue acceleration. The firm anticipates growth from new core banking, digital, and payments solutions, improved renewal pricing, and positive card trends, while dismissing AI-related stock pullbacks as unfounded. Jack Henry also reported strong Q2 2026 results and increased its quarterly dividend, with another firm, Baird, also upgrading its stock rating.

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