BUZZ-FICO climbs after RBC upgrades to 'outperform'

Reuters
02-26
BUZZ-FICO climbs after RBC upgrades to 'outperform'

** 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

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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