FactSet's Subscription Model Offers Buffers Against Economic Cyclicality, Analyst Boosts Price Target
Portfolio Pulse from Nabaparna Bhattacharya
BMO Capital Markets analyst Jeffrey M. Silber has reiterated the Market Perform rating on FactSet Research Systems Inc. (FDS) and raised the price target to $436 from $419. The company reported Q4 FY23 sales growth of 7.3% YoY to $535.797 million, slightly beating the consensus. However, adjusted EPS of $2.930 missed the consensus of $3.50. Silber expects FDS to continue gaining market share in the data industry and projects future margin expansion. For FY24 and FY25, the analyst raised revenue expectations.
September 22, 2023 | 6:59 pm
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FactSet's Q4 FY23 sales growth beat consensus, but adjusted EPS missed expectations. The company's price target was raised by BMO Capital Markets, and it is expected to continue gaining market share in the data industry.
The news is directly about FactSet and contains several important points for investors. The company's Q4 sales growth beat consensus, which is positive. However, the adjusted EPS missed expectations, which is negative. The price target raise by BMO Capital Markets is a positive signal, indicating the analyst's confidence in the company's future performance. The expectation that the company will continue gaining market share in the data industry is also positive. Overall, the news is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100