From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 1m
Fair Isaac Jumps 8.5% After B Of A Downgrades
Fair Isaac surges 8.5% as four Wall Street firms slash price targets.
In brief
Fair Isaac surges 8.5% as four Wall Street firms slash price targets. Fair Isaac Corporation rose 8.5% to $642.74 after B of A Securities and three other firms lowered price targets by 37.8%. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Fair Isaac surges
Fair Isaac Corporation surged 8.5% Thursday to $642.74 as four major Wall Street firms slashed their price targets on the credit scoring giant.
Price targets cut
B of A Securities cut target from $1,400 to $700 while BMO Capital lowered from $1,550 to $1,150.
Average target drops
Barclays slashed target from $1,700 to $935 and Wells Fargo reduced from $1,350 to $950, averaging $934.
Market reaction
Trading volume hit 860,210 shares as Fair Isaac’s $13.9 billion market cap digested analyst actions.
Analyst outlook
Three firms maintained bullish ratings despite target cuts, suggesting confidence in Fair Isaac’s fundamental business.
What to watch
Investors should monitor whether Fair Isaac can justify bullish ratings and sustain momentum toward $934 target.
The short version
Fair Isaac Corporation rose 8.5% to $642.74 after B of A Securities and three other firms lowered price targets by 37.8%.
