Shares of Fair Isaac Corporation rose 3.1% in morning trading after Raymond James raised its price target on the stock to $1,940 from $1,800 while maintaining an Outperform rating. UBS also increased its price target to $1,270 from $1,250. The positive analyst actions followed news that Fannie Mae and Freddie Mac released historical data for the FICO Score 10T mortgage datasets, a step seen as modernizing credit scoring and reinforcing the company's position in financial technology. The stock was trading at $1,247, up 3.3% from the previous close.
Freddie Mac
Fannie Mae
Raymond James Financial Inc.
UBS Group AGFair Isaac CorporationRaymond James and UBS raised price targets, and FICO Score 10T data release reinforces position.