FactSet Research Systems (FDS) PT Lowered to $322 at Stifel, Margins Likely Top Out at 34%

March 31, 2021 8:37 AM EDT
Get Alerts FDS Hot Sheet
Price: $323.79 +0.63%

Rating Summary:
    0 Buy, 17 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 10 | New: 17
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Stifel analyst Shlomo Rosenbaum lowered the price target on FactSet Research Systems (NYSE: FDS) to $322.00 (from $335.00) noting that the Company continues to make progress on the cloud migration work. To date, the work is 50% completed but the flipside is some pressure on margins.

The analyst maintained a Hold rating, stating "We do not envision the company materially getting past the historical 33%-34% margin range due to continuous product offering reinvestment needs to remain competitive in the marketplace (SPGI noted a similar experience in the Market Intelligence segment a while back). We are lowering Adjusted EPS estimates to reflect less margin expansion, and are lowering our target price from $335 to $322 to reflect the lower estimates and lower Info Services comp valuations."

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities