Fair Isaac Corporation (FICO), known for its credit rating system, has seen a
49% surge in its stock this year. However, it has faced some backlash, with accusations of anticompetitive practices and calls from
Hawley for a Department of Justice investigation. Nonetheless, its stock continues to reach new highs, propelled by robust growth and a solid portfolio. Despite some stakeholders, including
Forsta AP Fonden and
GHP Investment Advisors Inc., reducing their stake, others such as
American Century Companies Inc. and
AdvisorShares Investments LLC have increased theirs. Reports indicate Barclays increased FICO's price target to $2,150.00 and Wells Fargo assigned the company an Overweight recommendation. Recently, issues concerning top executives selling shares and consequent insider selling criticism haven't hindered FICO's performance. Looking at the earnings, the company reported earnings of $5.05 per share for Q3 2024, even though it missed Wall Street estimates. Despite being termed as overvalued, FICO's stock continues to rise due to its pricing power and dominance in credit scoring. Future prospects appear positive, with recommendations to buy on pullbacks and optimism towards improved fundamentals. However, concerns remain, with Pomerantz Law Firm investigating claims on behalf of investors and multiple discussions on the company's antitrust suits.
Fair Isaac Corporation FICO News Analytics from Mon, 23 Oct 2017 19:24:00 GMT to Sat, 14 Sep 2024 09:24:37 GMT -
Rating 5
- Innovation -1
- Information 9
- Rumor -1
