Needham Names Fair Isaac Top Pick for 2022; Adds To Conviction List

January 6, 2022 3:04 PM | 1 min read |

Needham analyst Kyle Peterson raised the price target on Fair Isaac Corp FICO to $590 from $550 and kept a Buy rating on the shares. The price target implies a 33% upside.
Peterson also named the stock Needham Top Pick for 2022 and added it to Needham's Conviction List.
The market is underestimating the value of Fair Isaac Scores business, which is a premium asset with solid growth potential and best-in-breed margins.
Peterson adds that he expects the company's Scores business to consistently sustain double-digit revenue growth over the next several years and use the cash flow from this business to repurchase stock and fund growth in the software business.
Fair Isaac is an applied analytics company.
Price Action: FICO shares traded higher by 4.22% at $443.86 on the last check Thursday.