Equifax (EFX) stock fell sharply by 6.55% over a 24-hour period, reflecting significant selling pressure on the credit reporting agency.

The decline comes as multiple Wall Street analysts reduced their price targets on Equifax following the company's fourth-quarter earnings report. BMO Capital cut its target to $195 from $234, Morgan Stanley lowered its target to $244 from $269, Needham reduced its target to $265 from $295, and Stifel adjusted its target to $235 from $253.

Additionally, Equifax was caught in a broader sector selloff as investors grow concerned that artificial intelligence could disrupt traditional software and information services business models. Analysts noted that selling across the sector this week has been "particularly irrational" for companies like Equifax that have viable business models to capture value from AI.