On October 1, Fair Isaac rose 5.22% in pre-market trading, trading at $621.02/share, with turnover of $11.7512 million, rebounding from a steep multi-session decline driven by the disruption of its credit scoring monopoly in the mortgage market.

The rebound comes as multiple Wall Street firms maintained positive ratings on the stock despite lowering price targets. BMO Capital adjusted its target to $1,150 from $1,550 while keeping an Outperform rating, and Goldman Sachs cut its target to $1,322 from $1,548 while maintaining a Buy rating. The consensus average target among analysts remains at approximately $1,247, more than double the current trading price.

Fair Isaac had plunged over 30% in recent weeks after FHFA Director Bill Pulte directed Fannie Mae and Freddie Mac to allow all lenders to adopt VantageScore alongside FICO, breaking FICO's longstanding monopoly in mortgage credit scoring. Pulte also publicly criticized FICO for raising single-person credit score acquisition costs by 1,800% since 2020 and subsequently unified the pricing grid to include VantageScore. Notably, Raymond James analysts observed that FICO has not yet experienced measurable business volume losses despite rising VantageScore adoption, suggesting most lenders are using both scores concurrently rather than replacing FICO entirely.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)