B of A Securities Analyst Reinstates FactSet Research Systems with Neutral Rating

On June 15, 2023, B of A Securities analyst, David Chu, reinstated FactSet Research Systems with a Neutral rating and set a price target of $450. This decision comes amidst the company’s average rating of Hold, as reported by MarketBeat. Interestingly, of the 48 analysts offering price forecasts for FactSet Research Systems, the median target lands at $410.46, with a high estimate of $550.00 and a low estimate of $310.00. It’s worth noting that FactSet Research Systems is a provider of business data and analytics, offering valuable market insights to help businesses outperform and gain a global perspective.

Stock Market Update: FactSet Research Systems Inc. Opens at 410.89 While Dropbox Inc. Predicts Strong EPS for Next Quarter

On June 15, 2023, FactSet Research Systems Inc. (FDS) opened at 410.89 and experienced a range of 410.89 to 425.10. The volume of shares traded was 348,219, and the market capitalization of FDS is $15.2 billion. FDS provides data and analytics to investment professionals and has a strong reputation in the industry. However, the high valuation of the stock may deter some investors.

In comparison, Dropbox Inc. (DBX) experienced a 2.93% increase in stock price on June 15, 2023. Its next reporting date is June 22, 2023, and analysts predict an EPS of $3.60 for this quarter. DBX had an annual revenue of $1.8 billion and an annual profit of $396.9 million last year, with a net profit margin of 21.53%.

FDS Stock Analysis: Analysts Predict 5.29% Increase in Median Target Price

On June 15, 2023, Factset Research Systems Inc (FDS) had a closing price of $422.29. According to CNN Money, 16 analysts have offered 12-month price forecasts for FDS, with a median target of $444.65. The high estimate is $520.00, while the low estimate is $335.00. The median estimate represents a +5.29% increase from the last price of $422.29.

Investors and analysts alike have been keeping a close eye on FDS’s stock performance. As of June 15, 2023, the consensus among 22 polled investment analysts is to hold stock in FDS.

FDS is set to report its earnings for the current quarter on June 22, 2023. The company’s earnings per share for the current quarter are $3.60, and its sales are $527.6M.

Looking at FDS’s stock performance over the past few months, it has been relatively stable. However, with the upcoming earnings report, investors will be closely monitoring FDS’s financial performance to determine whether the company is meeting or exceeding expectations.

The median target price of $444.65 suggests that analysts are optimistic about FDS’s future performance. If the company is able to meet or exceed expectations, it could potentially see a significant increase in its stock price.

Overall, FDS’s stock performance on June 15, 2023, was in line with expectations. With the upcoming earnings report and optimistic analyst forecasts, investors will be keeping a close eye on FDS’s stock in the coming months.