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BUZZ-FICO climbs after RBC upgrades to 'outperform'

ReutersFeb 26, 2025 3:41 PM

Shares of credit scoring company Fair Isaac FICO.N, widely known as FICO, rise 4.8% to $1,904.79

RBC upgrades FICO shares to "outperform" from "sector perform"; raises PT to $2170 from $2040, a 19.4% upside to stock's last close

Brokerage says FICO's dominant position for mortgage scores remains intact driving strong pricing power

Adds that FICO is likely to adopt a more aggressive stance on mortgage score pricing in coming years given potentially lower regulatory risks under the Trump administration

RBC says mortgage volumes have likely bottomed, although timing of recovery remains uncertain

Adds that it expects growth in mortgage inquiry volumes to begin in Q2 2026, thanks to easy comparisons

10 of 18 brokerages rate stock "buy" or higher, six "hold" and two "sell"; median PT is $2,172.50 - data compiled by LSEG

As of last close, FICO stock down 8.7% YTD

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