Syeda Seirut Javed
2 min read
In This Article:
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.
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.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
