Fair Isaac (FICO – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Jason Haas CFA from Wells Fargo maintained a Buy rating on the stock and has a $2,600.00 price target.
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Jason Haas CFA has given his Buy rating due to a combination of factors including Fair Isaac’s continued growth potential and strategic initiatives. Despite missing EPS estimates primarily due to software revenue and margins, the company maintains a positive outlook by reiterating its FY25 guidance. This guidance reflects a conservative approach with minimal expected interest rate declines and a controlled expense growth trajectory.
Fair Isaac’s strong performance in scores revenue and its focus on innovative developments, such as the adoption of FICO 10T and investments in AI model governance, also support the Buy rating. The anticipated rebound in Platform ARR growth, supported by robust ACV bookings and a strong forward pipeline, further reinforces confidence in the company’s long-term strategy. Additionally, the price target adjustment reflects a solid financial foundation, as demonstrated by the DCF analysis projecting significant revenue and EBITDA growth.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $2,175.00 price target.