FactSet Research Systems price target lowered to $394 by Evercore ISI

Investing.com - Evercore ISI maintained its "In Line" rating on FactSet Research Systems (NYSE:FDS) but lowered its price target to $394.00 from $448.00. The stock currently trades at $372.86, with a market capitalization of $14.1 billion and a P/E ratio of 26.5x.

The firm cited potential competitive pressures as a key factor in its decision to reduce the price target. Evercore ISI specifically referenced concerns highlighted by London Stock Exchange Group (LSEG) in August, which "do not bode well for FDS." According to InvestingPro data, the company maintains a GOOD financial health score despite trading near its 52-week low, with revenue growth at 5.07% over the last twelve months.

The analyst note pointed out that competitors have strengthened their market positions through mergers and acquisitions, potentially challenging FactSet’s competitive standing in the financial data and analytics space.

Evercore ISI’s revised price target reflects a 21x multiple on its one-year forward, next-twelve-months earnings estimates for the company.

The firm maintained its fiscal 2026-2027 estimates for FactSet, noting that "more accretion from buybacks due to a lower share price is offset by lower margins."

In other recent news, FactSet Research Systems reported its third-quarter earnings for fiscal year 2025. The company posted an earnings per share of $4.27, slightly missing the forecast of $4.30. However, FactSet’s revenue exceeded expectations, reaching $586 million compared to the projected $580.54 million. This revenue performance was positively received by investors. Additionally, Raymond James upgraded FactSet’s stock rating from underperform to market perform. This decision was influenced by improvements in FactSet’s Annual Subscription Value and revenue growth in the fiscal third quarter of 2025. Furthermore, Raymond James identified FactSet as a potential acquisition target, suggesting a takeout price of $458.00. The firm noted that the company’s valuation has fallen to levels not seen in over five years. These developments highlight the evolving landscape for FactSet Research Systems.

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