RBC Capital Cuts FactSet (FDS) Target to $240, Maintains Sector Perform Rating

FactSet Research Systems Inc. (NYSE:FDS) is included among the 10 Safe Stocks to Buy for the Long Term in 2026.

RBC Capital Cuts FactSet (FDS) Target to $240, Maintains Sector Perform Rating

On May 27, RBC Capital analyst Ashish Sabadra lowered the firm’s price target on FactSet Research Systems Inc. (NYSE:FDS) to $240 from $243 and maintained a Sector Perform rating on the shares ahead of the company’s Q3 results. The firm expects an ASV, or Annual Subscription Value, to beat, supported by international pricing increases, solid demand, and a strong pipeline across different regions and client types, the analyst said in a research note.

RBC also noted that FactSet’s expanded managed services offerings, competitive product positioning, and structural changes to its sales compensation model continue to support the company’s growth outlook.

FactSet Research Systems Inc. (NYSE:FDS) is a global financial digital platform and enterprise solutions provider. The company offers financial data, analytics, and open technology solutions to clients around the world, including individual users.

While we acknowledge the risk and potential of FDS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FDS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: Dividend Stock Portfolio For Retirement: Top 12 Stock Picks and 10 Best June Dividend Stocks to Buy

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1