UBS Remains Neutral on Fair Isaac Corporation (FICO), Lifts PT

Fair Isaac Corporation (NYSE:FICO) is one of the best big tech stocks to buy according to Wall Street analysts. UBS lifted the price target on Fair Isaac Corporation (NYSE:FICO) to $1,250 from $1,110 on June 16 and maintained a Neutral rating on the shares.

Fair Isaac Corporation (FICO): Revolutionizing Decision-Making with 12 New AI Patents

Fair Isaac Corporation (NYSE:FICO) also received a rating update from Clear Street on June 9. The firm lifted the price target on the stock to $1,625 from $1,617 and maintained a Buy rating on the shares, telling investors in a research note that the company’s new $2 billion stock repurchase program reflects 7% of total diluted shares outstanding and shows its strong balance sheet. Clear Street also believes that Fair Isaac Corporation (NYSE:FICO) has a capital-light business model, which allows management to be aggressive when the stock’s valuation is attractive.

In a separate development, Fair Isaac Corporation (NYSE:FICO) announced on June 8 that its Board of Directors approved a stock repurchase program to acquire up to $2.0 billion of the company’s outstanding common stock.

Fair Isaac Corporation (NYSE:FICO) provides decision management solutions. The company’s operations are divided into the Software and Scores segments.

While we acknowledge the risk and potential of FICO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FICO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1