RBC Capital Keeps Their Buy Rating on Fair Isaac (FICO)
RBC Capital analyst Ashish Sabadra maintained a Buy rating on Fair Isaac yesterday and set a price target of $2,400.00. The company’s shares closed yesterday at $1,281.64.
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Sabadra covers the Financial sector, focusing on stocks such as TransUnion, Nasdaq, and MSCI. According to TipRanks, Sabadra has an average return of 3.1% and a 53.36% success rate on recommended stocks.
Currently, the analyst consensus on Fair Isaac is a Strong Buy with an average price target of $2,103.70, a 64.14% upside from current levels. In a report released on February 17, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $1,900.00 price target.
Based on Fair Isaac’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $511.96 million and a net profit of $158.37 million. In comparison, last year the company earned a revenue of $439.97 million and had a net profit of $152.53 million
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FICO in relation to earlier this year. Earlier this month, Joanna Rees, a Director at FICO sold 358.00 shares for a total of $486,880.00.
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