FactSet Research Gears Up For Q1 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
FactSet Research Systems Inc. (NYSE:FDS) is expected to report Q1 fiscal 2024 earnings of $4.11 per share, up from $3.99 the previous year, with revenue estimates at $540.36 million. The company previously reported a 7.3% year-on-year sales growth for Q4 FY23. Analysts have recently adjusted their price targets for FDS, with Deutsche Bank downgrading the stock from Buy to Hold and raising the target from $471 to $480, while other analysts from RBC Capital, BMO Capital, Stifel, and Barclays have provided various ratings and target adjustments.
December 18, 2023 | 12:58 pm
News sentiment analysis
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POSITIVE IMPACT
FactSet Research is anticipated to report increased earnings and revenue for Q1 FY24. Analysts have recently updated their price targets, with a mix of downgrades and target raises, reflecting a cautious but slightly positive outlook.
The anticipation of higher earnings and revenue for FactSet Research suggests a positive short-term impact on the stock price. However, the mixed analyst ratings and price target changes indicate a cautious outlook, which could temper the positive impact. The recent sales growth reported for Q4 FY23 supports the positive sentiment, but the downgrade by Deutsche Bank may introduce some uncertainty among investors.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100