FDS - FactSet's Subscription Model Offers Buffers Against Economic Cyclicality Analyst Boosts Price Target | 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 $436 from $419.
The company reported fourth-quarter FY23 sales growth of 7.3% year-on-year to $535.797 million, marginally beating the consensus of $535.280 million.
Adjusted EPS of $2.930 missed the consensus of $3.50.
Growth decelerated during the quarter and was mainly sell-side driven, according to Silber.
FY2024 guided ASV growth of 7% at the ...