13 Best Software Stocks to Buy Now

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5. Fair Isaac Corp. (NYSE:FICO)

1-Year Return as of June 16: 28.34%

Number of Hedge Fund Holders: 68

Fair Isaac Corp. (NYSE:FICO) is one of the 13 best software stocks to buy now. On June 13, RBC Capital reiterated an ‘Outperform’ rating on the stock and set a price target of $2,170. The firm reaffirmed the bullish stance in response to the publication of a Federal Housing Finance Agency 2024 Annual Report.

The report did not offer any updates on credit scoring systems. Most importantly, there was no mention of transitioning from tri-merge to bi-merge credit reporting. In addition, the report did not have any new requirements for adopting FICO Scores 10t or VantageScore 4.0. RBC Capital reiterated the outperform rating, affirming its optimistic outlook for the company.

Fair Isaac Corp. (NYSE:FICO) is a software application company that provides analytic, software, and data management products and services that help businesses automate, improve, and connect decisions. It is best known for developing the FICO® Score, a widely used credit score.

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