Equifax (EFX) Stock Forecast & Price Target

Equifax is supported by a diversified, high-friction data franchise whose credit, employment, and income-verification services are embedded in lenders’ decision-making, while Workforce Solutions contributes about 40% of revenue and international operations add roughly 25%, reducing reliance on any single end market. Its outlook is further strengthened by tangible execution: YTD Government new bookings of about $150M and more than $550M in ACV signed in Government Verifier point to a meaningful 2027 revenue ramp, while AI-driven efficiencies have already lifted margins and helped drive a solid EPS beat despite mortgage headwinds. In addition, VantageScore adoption is accelerating across roughly 2,000 mortgage lenders, and management estimates that full conversion could add about $30M to $40M in annualized margin upside at current run rates, reinforcing the company’s earnings leverage and long-term growth trajectory.

Equifax is viewed negatively because elevated rates are pressuring mortgage activity, with hard mortgage inquiries down about 9% year over year in 3Q26 and management guiding 4Q26 U.S. mortgage revenue below prior expectations by roughly $60 million, which weighs on high-margin profitability. The outlook is also constrained by softer consumer lending and talent trends, plus regulatory overhang from a possible tri-merge to bi-merge transition that management estimated could reduce annual revenue by about $80 million and margins by roughly $38 million based on 2026 levels. Despite international growth and Workforce Solutions still contributing a large share of revenue, the company’s FY27 EPS estimate of $9.00 remains below consensus at about $9.66, signaling slower growth and limited upside.