Analyst Kyle Peterson from Needham reiterated a Buy rating on TransUnion and keeping the price target at $115.00.
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Kyle Peterson has given his Buy rating due to a combination of factors that highlight TransUnion’s strategic initiatives and market positioning. One of the key reasons is the company’s announcement to offer new mortgage credit options and pricing for VantageScore 4.0, which is set to be priced competitively. This initiative is expected to attract more customers by offering VantageScore 4.0 for free to those purchasing a credit report with a FICO score until the end of 2026.
Kyle Peterson also appreciates the company’s strategy to provide multi-year pricing and a free credit score simulator for industry participants, which could potentially slow down the shift by lenders to FICO’s Direct Licensing Program. Furthermore, TransUnion’s plan to include additional data, such as rental and utility trade lines, into the mortgage credit file is seen as a positive development. These strategic moves are viewed as compelling, reinforcing the Buy rating with a price target of $115.
In another report released on October 13, Oppenheimer also initiated coverage with a Buy rating on the stock with a $93.00 price target.