FICO: A Closer Look at the Numbers
Analysts Bullish on FICO
FICO, a prominent name in the tech industry, is gaining traction among analysts. Ashish Sabadra, a notable expert, has given it a "Buy" rating and predicts the stock could reach $2,400. Currently, it's trading at $1,771.87.
The Bigger Picture
Most analysts agree with Sabadra. They also see FICO as a strong buy, with an average price target of $2,055.75. This is a highly optimistic outlook!
Numbers Don't Lie
FICO's latest earnings report shows:
- Revenue: $515.75 million
- Profit: $155.01 million
This is a significant jump from last year, when they reported:
- Revenue: $453.81 million
- Profit: $135.69 million
Insider Activity Raises Eyebrows
Here's an interesting twist: insiders at FICO seem to be selling their shares. Over the past quarter, 58 insiders sold their stock. One notable sale was by Marc Mcmorris, who sold 240 shares for $434,287.20.
The Takeaway
FICO is performing well, and analysts are optimistic. However, insider activity is a bit concerning. It's crucial to consider all angles before making any investment decisions.