BMO Capital raised the firm’s price target on FactSet to $471 from $440 and keeps a Market Perform rating on the shares after its Q4 earnings beat. The company’s FY25 revenue and ASV – Annual Subscription Value – guidance contemplates a second-half recovery with sustained momentum in wealth, modest improvement in buyside and subdued conditions in banking, while its margin guidance implies a reset year from the actions taken in FY24 with continued self-funded investment, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FDS:
- FactSet price target raised to $503 from $464 at RBC Capital
- FactSet price target raised to $503 from $435 at Wells Fargo
- FactSet price target raised to $469 from $451 at Stifel
- FactSet price target raised to $485 from $455 at UBS
- Playtika to acquire SuperPlay, Intel says not selling Mobileye: Morning Buzz