FICO regulatory concerns offer opportunity, says Jefferies

Jefferies reiterated a Buy rating and $2,200 price target on FICO (FICO), saying that while regulatory concerns continue, underlying fundamentals are showing strong improvement. On Scores, volumes continue to be much better than expected, and for Software, Platform saw meaningful growth and annual contract value bookings reached a new record, the analyst tells investors in a research note. The firm added that FY26 guidance was reiterated, which was expected, even as management again signaled it as highly conservative.