Needham Names Fair Isaac Top Pick for 2022; Adds To Conviction List

Needham Names Fair Isaac Top Pick for 2022; Adds To Conviction List
  • Needham analyst Kyle Peterson raised the price target on Fair Isaac Corp FICO to $590 from $550 and kept a Buy rating on the shares. The price target implies a 33% upside.
  • Peterson also named the stock Needham Top Pick for 2022 and added it to Needham's Conviction List. 
  • The market is underestimating the value of Fair Isaac Scores business, which is a premium asset with solid growth potential and best-in-breed margins. 
  • Peterson adds that he expects the company's Scores business to consistently sustain double-digit revenue growth over the next several years and use the cash flow from this business to repurchase stock and fund growth in the software business.
  • Fair Isaac is an applied analytics company. 
  • Price Action: FICO shares traded higher by 4.22% at $443.86 on the last check Thursday.

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