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FactSet Research Gears Up For Q1 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Published 18/12/2023, 12:58
© Reuters. FactSet Research Gears Up For Q1 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
FDS
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

FactSet Research Systems Inc. (NYSE: FDS) is projected to release financial results for the first quarter fiscal 2024, ending Nov. 30, 2023, before the opening bell on Dec. 19, 2023.

Analysts expect the company to post quarterly earnings at $4.11 per share, up from year-ago earnings of $3.99 per share. The company’s revenue might come in at $540.36 million for the latest quarter, according to Benzinga Pro.

FactSet Research, during September, reported fourth-quarter FY23 sales growth of 7.3% year-on-year to $535.797 million, marginally beating the consensus of $535.280 million.

FactSet Research shares gained 0.7% to close at $456.96 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Deutsche Bank analyst Faiza Alwy downgraded the stock from Buy to Hold and raised the price target from $471 to $480 on Dec. 8, 2023. This analyst has an accuracy rate of 66%.
  • RBC Capital analyst Ashish Sabadra reiterated a Sector Perform rating with a price target of $464 on Sept. 22, 2023. This analyst has an accuracy rate of 67%.
  • BMO Capital analyst Jeffrey Silber maintained a Market Perform rating and raised the price target from $419 to $436 on Sept. 22, 2023. This analyst has an accuracy rate of 73%.
  • Stifel analyst Shlomo Rosenbaum maintained a Hold rating and raised the price target from $408 to $419 on May 23, 2023. This analyst has an accuracy rate of 71%.
  • Barclays analyst Manav Patnaik maintained an Overweight rating and cut the price target from $520 to $480 on June 27, 2023. This analyst has an accuracy rate of 78%.

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Latest Ratings for FDS

DateFirmActionFromTo
Feb 2022Morgan StanleyMaintainsUnderweight
Jan 2022Morgan StanleyMaintainsUnderweight
Dec 2021Morgan StanleyMaintainsUnderweight
View More Analyst Ratings for FDS

View the Latest Analyst Ratings

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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