Jim Cramer and Wall Street Are Bullish on Fair Isaac Corporation (FICO)

We recently published a list of 10 Stocks on Jim Cramer and Wall Street’s Radar. In this article, we are going to take a look at where Fair Isaac Corporation (NYSE:FICO) stands against other stocks on Jim Cramer and Wall Street’s radar.

Discussing Fair Isaac Corporation (NYSE:FICO) at the end of April, Cramer made the following comments:

“Now we’re back on familiar ground with number 17, a company we’ve had on the air. It’s called Fair Isaac, up 5,732% in the Mad Money era. These guys are the keepers of FICO… Okay, they provide businesses with all sorts of software and services to help them manage credit risk.

Over the past 20 years, we’ve seen all sorts of fintech disruptors arrive on the scene, touting some new fancy lending decision-making technology that will ‘Make the FICO score obsolete.’ Some of these companies are great, but nobody’s been able to beat the FICO score, have they? It’s still universally used.”

A hands-on approach: technicians working on data management products in an open lab space.

Fair Isaac Corporation (NYSE:FICO) creates software and analytics tools that help businesses automate and improve decision-making. The company provides credit scoring and advanced decision management solutions for various industries.

On May 28, Baird upgraded FICO to Outperform from Neutral and set a price target of $1,900, lowered from $2,021. The recent drop in shares, driven by shifting views on regulatory risk, has brought FICO’s valuation to a level that offers strong long-term growth potential with less downside risk.

The analyst praised FICO Scores as the best financial model they’ve seen and highlighted the company’s strong market position and systemic value. Baird expects Fair Isaac (NYSE:FICO) to manage pricing changes for Scores and foresees a return to normal mortgage volumes. While there are regulatory risks, they are now fairly reflected in the stock price and appear manageable.

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Disclosure: None. This article is originally published at Insider Monkey.