FICO Poised For Sustained Growth With Dominant Market Share And Digital Transformation Solutions: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Kyle Peterson reiterated a Buy rating on Fair Isaac Corporation (FICO) and raised the price target to $900 from $855. The analyst believes FICO's platform software business has a massive growth runway, aided by solid demand from global enterprise banks and its dominant market share in the Scores business.
June 08, 2023 | 6:17 pm
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Needham analyst raises FICO's price target to $900, citing massive growth potential in platform software business and dominant market share in Scores business.
The analyst's positive outlook on FICO's platform software business and dominant market share in the Scores business indicates strong growth potential. The raised price target and Buy rating suggest a positive short-term impact on FICO's stock price.
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