Analyst Jason Haas CFA of Wells Fargo reiterated a Buy rating on Equifax (EFX – Research Report), retaining the price target of $306.00.
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Jason Haas CFA has given his Buy rating due to a combination of factors that highlight Equifax’s competitive advantages and growth potential. One of the key reasons is the positive reception of the TWN Indicator, which is expected to significantly benefit the company starting in the second half of 2025. This tool provides valuable income and employment data early in the lending process, offering a competitive edge in markets such as auto lending.
Additionally, Equifax’s fully cloud-native architecture sets it apart from competitors like TransUnion and Experian, who are unlikely to achieve the same level of cloud integration due to the high investment required. This technological advantage allows Equifax to innovate faster and more efficiently. Furthermore, the company’s strategic initiatives, such as the SSA contract and consumer permissioned bank data capabilities, are expected to drive growth. Despite conservative EBITDA margin expansion guidance, the regulatory environment appears favorable, supporting the Buy rating with a price target of $306.
In another report released on June 20, Needham also reiterated a Buy rating on the stock with a $295.00 price target.