JPMorgan initiated coverage of FICO (FICO) with a Neutral rating and $2,150 price target In recent years, FICO has leveraged its market position to take significant price increases in its Scores business, accelerating revenue growth, the analyst tells investors in a research note. However, the firm believes a Neutral rating is warranted at this juncture, saying the stock carries an expensive valuation that embeds high growth expectations despite meaningful execution risk.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FICO:
- Trump Trade: Tesla upgraded with ‘world changed,’ BofA sees investor optimism
- FICO price target raised to $2,515 from $2,324 at Oppenheimer
- FICO price target raised to $2,000 from $1,700 at Baird
- FICO price target raised to $2,350 from $2,150 at Barclays
- FICO price target raised to $2,400 from $2,200 at Wells Fargo
Questions or Comments about the article? Write to editor@tipranks.com