Fair Isaac (FICO) has received a new Buy rating, initiated by BMO Capital analyst, Jeffrey Silber.
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Jeffrey Silber has given his Buy rating due to a combination of factors that highlight Fair Isaac Corp.’s strong market position and potential for future growth. The company is recognized for its high-quality business model, particularly in its Scores business, which boasts impressive margins and significant pricing power. Despite recent market concerns, Silber sees potential upside due to a recovery in industry volumes and the company’s ability to continue raising prices, albeit at a slower pace.
Furthermore, Silber notes that Fair Isaac’s stock has experienced a decline following comments from the FHFA Director, which he believes presents an attractive entry point for investors. Historically, such declines have been favorable opportunities to invest in the stock. Additionally, the company’s consistent performance, as evidenced by its ability to meet or exceed guidance over the past decade, reinforces Silber’s confidence in maintaining an Outperform rating.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $2,150.00 price target.