Wells Fargo lowered its price target on FactSet Research Systems Inc. (FDS) to $215 from $265, maintaining an Underweight rating due to broader weakness in the information services sector amidst AI concerns. Despite this, Wells Fargo suggested the market’s reaction might be overdone, seeing opportunities for companies with defensible proprietary data. FactSet recently announced a partnership with Kepler Cheuvreux to integrate its aftermarket research, enhanced by FactSet’s AI tools, into its platform.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
FactSet (FDS) Target Lowered by Wells Fargo Amid AI Concerns in Info Services
Wells Fargo lowered its price target on FactSet Research Systems Inc. (FDS) to $215 from $265, maintaining an Underweight rating due to broader weakness in the information services sector amidst AI concerns. Despite this, Wells Fargo suggested the market’s reaction might be overdone, seeing opportunities for companies with defensible proprietary data. FactSet recently announced a partnership with Kepler Cheuvreux to integrate its aftermarket research, enhanced by FactSet’s AI tools, into its platform.