BofA reinstates Fair Isaac stock rating at Buy on pricing power

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BofA Securities reinstated a Buy rating on Fair Isaac Corp. (NYSE:FICO), setting a price target of $1,900, which suggests a 39% upside from its current price. The positive outlook is attributed to FICO’s strong pricing power from its FICO Score product, high gross profit margins, and robust revenue growth. The company’s Mortgage Direct Licensing program and strengthening software business are identified as key growth drivers.

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