FICO price target raised to $1,500 from $1,234 at Barclays

Barclays raised the firm’s price target on FICO to $1,500 from $1,234 and keeps an Overweight rating on the shares. The company reported a headline miss, mostly due to software, which could put some pressure on the shares, but the shortfall was mainly due to deals pushed out to next quarter and higher investment, the analyst tells investors in a research note. The firm says FICO’s pipeline the “strongest” and most “mature” it has ever been.