Fair Isaac Fairly Capable To See Further Upside Thanks To Competitive FICO Score Business: Analyst
Portfolio Pulse from Lekha Gupta
Raymond James analyst Patrick O'Shaughnessy initiated coverage on Fair Isaac Corp (FICO) with an Outperform rating and a price target of $1,007. The analyst sees further upside for FICO's shares and expects strong execution in the Software segment to boost long-term revenue and margin. FICO's efforts to provide free FICO scores to consumers have boosted its brand. The company's focus on transitioning its Software business to a SaaS-based revenue model is seen as a growth driver.
September 06, 2023 | 6:26 pm
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Raymond James analyst Patrick O'Shaughnessy initiated coverage on Fair Isaac Corp (FICO) with an Outperform rating and a price target of $1,007. The analyst sees further upside for FICO's shares and expects strong execution in the Software segment to boost long-term revenue and margin.
The analyst's positive outlook on FICO, including the Outperform rating and a price target of $1,007, indicates a strong potential for the company's stock to perform well in the short term. The company's transition to a SaaS-based revenue model and its efforts to provide free FICO scores to consumers are seen as positive factors that could drive growth and boost the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100