RBC Capital Reiterates Sector Perform Rating on FactSet Research Systems (FDS)

RBC Capital analyst Ashish Sabadra reiterated a Sector Perform rating and $464.00 price target on FactSet Research Systems (NYSE: FDS)

The analyst comments "The CS-UBS ASV headwind of 30bps in 3Q24 was lower than feared and cleared up one of the key overhangs on the stock. In addition, two new client wins in a tough macro, reflecting positively on the strong value proposition and competitive market positioning. However, 4Q24 implied ASV guidance of 4.75% at the mid-point is still optimistic, given constrained client budgets, an elongated sales cycle, and an anemic banking analyst class size. Additionally, margins could decline in FY25 given the 3 strategic investment areas and if FDS used a similar playbook as the FY20- FY22 investment cycle."

For an analyst ratings summary and ratings history on FactSet Research Systems click here. For more ratings news on FactSet Research Systems click here.

Shares of FactSet Research Systems closed at $423.73 yesterday.

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