FICO price target raised to $1,450 from $1,210 at Jefferies

Jefferies analyst Surinder Thind raised the firm’s price target on FICO to $1,450 from $1,210 and keeps a Buy rating on the shares. The firm is “generally positive” heading into Q4 earnings, as it believes consensus expectations for 2024 guidance are too low in light of what it estimates will be material increases in mortgage prices next year. For FICO, the firm says its focus will be on the resiliency of its software business in “what should be a relatively uneventful quarter.”