Equifax (EFX) Stock Forecast & Price Target

Equifax has demonstrated robust financial performance, with a 9% year-over-year revenue increase on an organic constant currency basis, indicating strong underlying growth. The firm is well-positioned to capitalize on an expected recovery in mortgage originations, which represents a significant source of revenue, further bolstered by anticipated double-digit growth in its government business. Additionally, the ongoing acceleration in its workforce solutions segment reflects the increasing demand for income and employment verification services, contributing to a positive long-term outlook.

Equifax's recent financial performance has been hindered by a notable decline in hiring volumes, which experienced a 6% year-to-date drop that intensified to an 8% decline in January, contributing to weaker-than-expected results for the fourth quarter. The company faced challenges from declining mortgage volumes, forecasting a 12% year-over-year decrease in mortgage inquiries, and anticipates ongoing negative impacts from foreign exchange rates. Furthermore, with international revenue growth slowing and management's guidance indicating only 6% revenue growth in the first quarter of 2025, these factors collectively contribute to a negative short-term outlook for Equifax's stock.