Barclays Slashes FICO Target by 45%

Barclays analyst Manav Patnaik cut his price target on FICO to $935 from $1,700 on Thursday, a 45% reduction that stands out as the sharpest target move in recent analyst activity. The Buy rating was retained, but the implied upside has narrowed dramatically. Fair Isaac carries a short interest of 8.8% of free float, suggesting some bearish positioning was already in place.

Wells Fargo trimmed targets on two aerospace names. TransDigm was cut to $1,210 from $1,450, while Howmet Aerospace dropped to $255 from $315. Both analysts held at Hold. TransDigm's market cap sits near $61bn, and its short interest remains modest at 2%.

On the positive side, Robinhood saw its consensus target nudge up to $131.45, with the rating mix steady across 24 analysts. The brokerage's market cap has grown to nearly $92bn, reflecting its expansion into crypto and advisory products.

Barclays also ran a sweep through cell tower REITs. Crown Castle and American Tower both received target increases, while SBA Communications was cut slightly to $207.

Taiwan's export orders hit a record $103bn in August, up sharply year on year. That backdrop supports earnings momentum for technology-exposed names, though FICO's target cut suggests stock-specific concerns can still override macro tailwinds.