Fair Isaac (FICO – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Kyle Peterson from Needham reiterated a Buy rating on the stock and has a $2,500.00 price target.
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Kyle Peterson has given his Buy rating due to a combination of factors impacting Fair Isaac’s recent performance. Despite a rare miss in the company’s quarterly results, primarily attributed to foreign exchange challenges and decreased software demand, these issues are seen as short-term obstacles rather than long-term problems.
Peterson remains optimistic about Fair Isaac’s future, highlighting its strong market position and impressive profit margins. Additionally, the company’s strategy to enhance shareholder value through stock buybacks provides further confidence in its resilience and potential for growth, particularly if the stock experiences a temporary decline.
In another report released today, Barclays also maintained a Buy rating on the stock with a $2,350.00 price target.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FICO in relation to earlier this year.