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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the divergence between robust operational performance and market valuations, Fair Isaac Corp announced strong fiscal Q3 2026 results. The company reported revenues of $674 million, a 26% increase year-over-year, while net income surged 30% to reach $237 million. This growth was primarily driven by the Scores segment, which saw a 41% revenue increase due to higher unit prices for scores utilized in mortgage originations.
Despite these positive results, RBC Capital adjusted its outlook on the stock, slashing FICO's price target to $1,525 from a previous $2,400, while maintaining an 'Outperform' rating. Per market data, this adjustment reflects a valuation recalibration despite the earnings beat, even as financial data showed the company's platform annual recurring revenue (ARR) expanded by 62% to $413 million.
FICO stock ended at $1373.08 (close July 29, 2026), with the day's trading ranging between $1334.24 and $1410.17. Traders are currently monitoring support levels near the daily low of $1334, as the economic calendar shows no immediate sector-specific catalysts in the coming days, leaving the focus on the market's absorption of the recent RBC Capital decision.