Fair Isaac Corporation: Feedback from FICO World

研报英文原文证据摘录

Fair Isaac Corporation: Feedback from FICO World

Deutsche Bank

Research

Rating Company Date

Buy Fair Isaac 21 May 2026

Company Update

North America Corporation

United States

Reuters Bloomberg Exchange Ticker Price at 20 May 2026 (USD) 1,230.23

FICO.N FICO US NYS FICO

Price Target 1,658.00

Industrials

1,926.52 -

Business & Industrial Services 52-week range 922.37

Feedback from FICO World

Valuation & Risks

Faiza Alwy

Our team attended part of FICO World 26 this week. We met with the management

Research Analyst

team, including CEO Will Lansing, CFO Steve Weber, VP IR Dave Singleton, and +1-212-250-7611

leaders of both software and scores businesses. The company remains constructive

on medium-term growth outlook for software. Management also reiterated Avi Sharma

Research Associate

confidence in pricing power for scores, highlighted UltraFICO as a meaningful

+1-212-250-7226

product extension, and noted improving momentum in the B2C business. We

maintain our Buy rating and $1,658 PT Sophie Sheng

+1-212-250-9954

Platform land and expand strategy is expected to drive sustained ARR growth

The company highlighted that its land-and-expand strategy has helped

reaccelerate platform ARR growth, as customers are now starting to implement

new use cases, driving increased consumption and stickiness across its products.

The company is continuing to work on reducing implementation time for new

platform solutions, including the introduction of a marketplace offering that is

helping the company sell pre-configured solutions, which previously would have

taken several months to install. The company sounded confident on the

sustainability of its solid medium-term ARR growth rate, given strong bookings,

new customer wins, expanded use cases, and higher volumes from existing

customers.