The analyst believes that FICO is in a unique position to benefit from the spread of predictive analysis technologies. Mattson explains that FICO is poised to see a swift acceleration in software sales from recent product updates as well as from a materially expanded salesforce.
The analyst notes, “While not a classic fast growth company, the combination of modest growth, margin expansion, and continued meaningful stock repurchases leads to EPS and EBITDA growth in the mid to upper teens, making FICO well suited for long-term investors.”
According to TipRanks, Mattson is ranked #1,025 of 4,055 analysts and maintains a success rate of 71%. The analyst realizes an average annual return of 20.0%.