Jefferies analyst Surinder Thind has maintained their bullish stance on FICO stock, giving a Buy rating today.
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Surinder Thind has given his Buy rating due to a combination of factors that suggest potential growth and resilience for Fair Isaac. The recent announcement by the FHFA Director regarding the acceptance of VantageScore 4.0 alongside FICO scores has introduced some volatility in the market. However, Thind sees this as an opportunity rather than a setback, suggesting that the market reaction might be overblown and that Fair Isaac’s established position remains strong.
Thind interprets the FHFA’s move as possibly leading to a ‘Lender’s Choice’ scenario, where lenders can choose between scoring models. Despite the uncertainty, Thind believes that Fair Isaac’s FICO scores will continue to be a critical component in the lending process. The potential for better pricing for consumers using VantageScore does not necessarily diminish FICO’s value, and Thind anticipates that Fair Isaac will adapt and thrive in this evolving landscape.
According to TipRanks, Thind is a 4-star analyst with an average return of 6.6% and a 53.63% success rate. Thind covers the Technology sector, focusing on stocks such as Fair Isaac, CSG Systems International, and Genpact.
In another report released today, Raymond James also assigned a Buy rating to the stock with a $2,230.00 price target.