FDS - FactSet Research Systems' Revised Guidance Reflects Delayed Growth Yet Analyst Anticipates Share Gains and Margin Expansion | Benzinga
BMO Capital Markets analyst Jeffrey M. Silber reiterated the Market Perform rating on FactSet Research Systems Inc. (NYSE: FDS), raising the price target to $447 from $436.
FDS reported Q1 FY24 sales growth of 7.4% Y/Y to $542.2 million, marginally beating the consensus of $540.36 million.
F1Q24 top-line trends were in line, though revised guidance implies slowing growth, most prominently in F2Q24, according to the analyst.
FY2024 guidance was revised lower by 1% (ASV and revenue) due to pricing, erosion, ...