Wells Fargo raises FactSet stock price target on AI momentum

Wells Fargo increased its price target for FactSet Research Systems (NYSE:FDS) to $250 from $210, citing strong fourth-quarter performance driven by AI momentum, despite maintaining an Underweight rating on the stock. Although FactSet beat Street estimates for EPS and organic annual subscription value growth in Q4, its fiscal 2027 guidance for these metrics fell slightly below expectations. The company demonstrated significant growth in AI and data solutions, with over 10% of its Q4 annual subsc