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.
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