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New Buy Rating for Fair Isaac (FICO), the Technology Giant

Tipranks - Tipranks - Thu May 28, 8:12AM CDT

In a report released yesterday, George Tong from Goldman Sachs maintained a Buy rating on Fair Isaac, with a price target of $1,543.00. The company’s shares closed yesterday at $1,259.89.

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According to TipRanks, Tong is a 4-star analyst with an average return of 5.1% and a 54.61% success rate. Tong covers the Industrials sector, focusing on stocks such as Equifax, Cintas, and ManpowerGroup.

In addition to Goldman Sachs, Fair Isaac also received a Buy from Deutsche Bank ‘s Faiza Alwy in a report issued on May 22. However, on May 21, Oppenheimer reiterated a Hold rating on Fair Isaac (NYSE: FICO).

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Based on Fair Isaac’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $691.68 million and a net profit of $264.46 million. In comparison, last year the company earned a revenue of $498.74 million and had a net profit of $162.62 million

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