BofA Securities reinstated a Buy rating on Fair Isaac Corp. (NYSE:FICO), setting a price target of $1,900, which suggests a 39% upside from its current price. The positive outlook is attributed to FICO’s strong pricing power from its FICO Score product, high gross profit margins, and robust revenue growth. The company’s Mortgage Direct Licensing program and strengthening software business are identified as key growth drivers.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BofA reinstates Fair Isaac stock rating at Buy on pricing power
BofA Securities reinstated a Buy rating on Fair Isaac Corp. (NYSE:FICO), setting a price target of $1,900, which suggests a 39% upside from its current price. The positive outlook is attributed to FICO’s strong pricing power from its FICO Score product, high gross profit margins, and robust revenue growth. The company’s Mortgage Direct Licensing program and strengthening software business are identified as key growth drivers.