Fair Isaac Corporation (NYSE:FICO) is one of the best big tech stocks to buy according to Wall Street analysts.
UBS lifted the price target on Fair Isaac Corporation (NYSE:FICO) to $1,250 from $1,110 on June 16 and maintained a Neutral rating on the shares
Fair Isaac Corporation (NYSE:FICO) also received a rating update from Clear Street on June 9. The firm lifted the price target on the stock to $1,625 from $1,617 and maintained a Buy rating on the shares, telling investors in a research note that the company’s new $2 billion stock repurchase program reflects 7% of total diluted shares outstanding and shows its strong balance sheet. Clear Street also believes that Fair Isaac Corporation (NYSE:FICO) has a capital-light business model, which allows management to be aggressive when the stock’s valuation is attractive.
In a separate development, Fair Isaac Corporation (NYSE:FICO) announced on June 8 that its Board of Directors approved a stock repurchase program to acquire up to $2.0 billion of the company’s outstanding common stock. Fair Isaac Corporation (NYSE:FICO) provides decision management solutions. The company’s operations are divided into the Software and Scores segments.