Bank of America has begun coverage of Fair Isaac Corporation (FICO, Financial) with a Buy rating, setting a price target of $2,800. The financial institution also included FICO in its esteemed BofA Global Research “US 1 List,” signaling strong confidence in the company's potential.
According to analysts at BofA, market expectations may be underestimating the length and sustainability of FICO's growth trajectory. The firm highlights FICO's capacity to influence pricing on its widely-used FICO score as a key factor in its robust outlook. Additionally, the long-term prospects for FICO's software segment are seen as promising, bolstering its potential for sustained success.
These insights suggest that FICO is well-positioned to capitalize on its market strengths, offering investors a compelling opportunity for growth.
