On August 5, Fair Isaac rose 5.32% in regular trading, trading at $1,099.32/share, with turnover of $75.56 million. The rebound comes after the stock fell 5.48% on August 3 following a revenue miss and weaker-than-expected full-year guidance.
On the news front, multiple investment banks maintained their positive ratings on the stock despite lowering price targets post-earnings, providing a confidence boost. Jefferies adjusted its price target to $1,675 from $1,750 while maintaining a Buy rating; BMO Capital lowered its target to $1,550 from $1,700 while keeping an Outperform rating; RBC cut its target to $1,525 from $2,400 but also maintained Outperform. The average analyst consensus rating remains overweight with a mean price target of approximately $1,467.
Additionally, Raymond James analysts noted that despite rising competition from VantageScore, FICO has not experienced volume losses, suggesting most mortgage lenders are using both scores rather than replacing FICO entirely. The firm emphasized FICO's competitive resilience, helping alleviate investor concerns that contributed to the prior selloff.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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