FactSet Research Systems (FDS) PT Raised to $503 at Wells Fargo

Wells Fargo analyst Jason Hass raised the price target on FactSet Research Systems (NYSE: FDS) to $503.00 (from $435.00) while maintaining a Equal Weight rating.

The analyst comments "FDS reported F4Q ASV in line with guidance but revenue ahead. The midpoint of FY25 ASV and EPS guidance was below the Street but may prove conservative. We remain at Neutral awaiting clearer signs of a rebound in end-market demand. FY25 guide—a tale of two halves. FDS's 2H25-weighted guide assumes current conditions sustain in 1H, with 2H lift driven by execution on several large deals as client budgets reset at calendar year-end and contribution from new GenAI product launches. FDS is seeing green shoots with momentum in large deals and a re-acceleration in new business exiting FY24, and its 4-6% FY25 organic ASV guide anticipates sustained wealth momentum, modest improvement on buyside, and subdued activity in banking."

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