BUZZ-FICO falls to near 2-year low after UBS cuts price target

Reuters03-12
BUZZ-FICO falls to near 2-year low after UBS cuts price target

** Shares of Fair Isaac FICO.N, commonly known as FICO, drop 9.2% to $1,166.29 after hitting session low of $1,150.41, lowest level since May 2024

** UBS cut price target on the applied analytics software company to $1,350 from $1,500 on Weds

** Stock on track for third straight session of declines, and has fallen more than 21% over that span, biggest 3-day drop since May 2025

** FICO shares now down 31% YTD vs roughly 18% drop in S&P 500 software & services index .SPLRCIS as concerns about AI disruption have weighed on the sector

** Avg rating of 22 brokerages is "buy"; median PT $1,983.50, per LSEG data

(Reporting by Chuck Mikolajczak)

((charles.mikolajczak@tr.com; @chuckmik.bsky.social))

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