FICO price target raised to $685 from $463 at RBC Capital

RBC Capital analyst Ashish Sabadra raised the firm’s price target on FICO to $685 from $463 but keeps a Sector Perform rating on the shares after its Q1 results. The company’s Q1 revenue came in line with estimates as B2B benefits from a multi-year license renewal was partially offset by weakness in B2C revenues and professional service, the analyst tells investors in a research note. Solid expense control and share repurchase delivered a margin and earnings beat however, which bodes well for further EPS upside, the firm added.