- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
