Analyst Toni Kaplan from Morgan Stanley maintained a Buy rating on Equifax and keeping the price target at $290.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Toni Kaplan has given his Buy rating due to a combination of factors that highlight Equifax’s strong market position and growth potential. Equifax is experiencing positive momentum with its Vantage Score, which is gaining traction among clients and is expected to capture a larger share of the mortgage market. This shift is seen as a significant opportunity, especially as mortgage underwriters face increased costs from FICO price changes.
Additionally, Equifax is making strides in its government sector engagements, with increased dialogue and product offerings that are expected to drive efficiency and growth. The company is also poised for expansion in its Talent business, which, despite recent market softness, presents a substantial upside given its current market penetration and the potential for improved corporate confidence. These factors collectively contribute to a favorable outlook for Equifax, supporting the Buy recommendation.
In another report released on December 4, RBC Capital also maintained a Buy rating on the stock with a $250.00 price target.