FICO price target raised to $1,500 from $1,350 at RBC Capital

RBC Capital raised the firm’s price target on FICO to $1,500 from $1,350 and keeps a Sector Perform rating on the shares. The company’s revenues were roughly inline with consensus as Mortgage revenue growth moderated modestly, the analyst tells investors in a research note. The firm adds however that FICO’s robust revenue growth, margin expansion, and shareholder-friendly capital allocation, including aggressive share repurchases, should provide earnings upside.