FactSet price target lowered to $518 from $521 at BMO Capital

BMO Capital lowered the firm’s price target on FactSet (FDS) to $518 from $521 and keeps a Market Perform rating on the shares after its Q1 earnings beat. The company reported an “ok” quarter, and while its FY2025 guidance was reaffirmed, the management’s outlook for Q2 was “a bit more cautious”, the analyst tells investors in a research note. BMO maintains its view however that FactSet should continue to gain share in the arket data industry, specifically as it expands into the wealth segment.