Fair Isaac Corporation (NYSE:FICO) is one of the Best Extremely Profitable Stocks to Buy Right Now. On July 17, Kyle Peterson from Needham reduced the price target on Fair Isaac Corporation (NYSE:FICO) from $2,574 to $1,950. However, the analyst maintained a Buy rating on the stock.
The analyst acknowledged that the share price of the company dropped after the approval of VantageScore 4.0 by Fannie Mae and Freddie Mac. However, he believes this is a short-term drop and highlighted several strategic options for the company. He noted that Fair Isaac Corporation can still adjust pricing for auto scores, execute stock buybacks, and optimize administrative expenses in its software division to sustain an EPS growth rate of 20%.
A hands-on approach: technicians working on data management products in an open lab space.
Although Peterson reduced the price target on the stock, he sees the company’s risk-reward dynamics attractive at current levels.
Fair Isaac Corporation is an analytics software company that uses predictive analytics and data science to help businesses make better operational decisions.
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This article is originally published at Insider Monkey.
