Clear Street and Needham raised their price targets on Fair Isaac Corporation and reiterated Buy ratings. Clear Street lifted its target to $1,625 from $1,617, citing the company's $2 billion stock repurchase program, which represents 7% of total diluted shares outstanding, and its capital-light business model. Needham maintained a $1,650 target, viewing the $1.5 billion term loan as manageable given strong margins and cash flow conversion, and seeing the buyback as a sign of management confidence. Fair Isaac Corporation has an operating margin of 58.19% and quarterly earnings growth of 62.60%.
Fair Isaac CorporationPrice target raises and stock buyback program signal management confidence and financial strength.