UPDATE: Goldman Sachs Starts Fair Isaac (FICO) at Buy

Goldman Sachs analyst George Tong initiates coverage on Fair Isaac (NYSE: FICO) with a Buy rating and a price target of $577.00.

The analyst comments "We believe FICO’s transformation into a decisioning software platform provider will enhance its value proposition, increase the stickiness of its revenue streams and improve its long-term revenue growth potential. FICO enjoys a wide moat in the U.S. consumer credit scoring market due to its brand, proprietary data and entrenched role in modern credit approval processes, which we expect to support a long runway of robust Scores segment pricing increases during this transformation. Operating leverage, healthy flow-through from Scores pricing increases and improving profitability of on-platform solutions should drive appealing EBITDA margin expansion, in our view."

For an analyst ratings summary and ratings history on Fair Isaac click here. For more ratings news on Fair Isaac click here.

Shares of Fair Isaac closed at $521.37 yesterday.

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