FICO is trading 4.6% up at $1,240.09, extending its strong two-day rally following the launch of the UltraFICO Score in partnership with Plaid.
- The new scoring system utilizes consumer-permissioned bank data to enhance credit decisions and expand credit access for a wider range of borrowers.
- Investors are optimistic that the product will drive incremental revenue and strengthen the company's competitive data and scoring moat.
- The stock's performance is further supported by broader market sentiment as major indices trade modestly higher.