Fair Isaac Corporation (FICO) has been in the news for a slew of reasons ranging from significant business moves, strategic investments, financial performances, and regulatory scrutiny. The company made philanthropic strides by partnering with MI New York Cricket Team to boost global financial literacy. In terms of financing, FICO announced the pricing of
$1.5 billion in senior notes, twice. FICO's decision to incorporate Buy Now Pay Later (BNPL) data into credit scores led to a decrease in its trading volume, dropping 54.82% and ranking 212th. Regulatory scrutiny due to monopoly power and anti-competitive practices were also actions pointed out mainly by Senator Josh Hawley. Despite FICO scores being considered universal, this scrutiny follows a call for new ways to assess credit risk. Nevertheless, Wall Street remains bullish on FICO, with Jim Cramer openly supporting the company. Upgrades from Baird, RBC, and Jefferies in the wake of stock declines further strengthen this view. Despite facing declines, FICO continues its innovation streak, with 12 new AI patents and a significant upgrade to credit reporting. Its stock also holds strong potential with a projected upside ranging from 16% to 35%, indicating it may be a good buy for strategic investors.
Fair Isaac Corporation FICO News Analytics from Thu, 17 Oct 2024 07:00:00 GMT to Fri, 04 Jul 2025 06:43:08 GMT -
Rating 3
- Innovation 7
- Information 5
- Rumor -5
