BUZZ-FactSet falls as Wells Fargo cuts PT on rising AI‑driven competition

Reuters02-18
BUZZ-FactSet falls as <a href="https://laohu8.com/S/EOD">Wells Fargo</a> cuts PT on rising AI‑driven competition

** Shares of data analytics firm FactSet Research FDS.N fall 7.6% to $190.15

** Wells Fargo cuts PT on FDS to $195 from $215, implying a 5.2% downside to stock's last close

** Says while business momentum is strong and should continue given a supportive capital markets backdrop, it remains concerned about rising competition

** AI has lowered barriers to entry to building competing products, and we see risk that margin compression could persist beyond 2026 as FDS makes investments to maintain its edge - Wells Fargo

** 3 of 20 analysts rate stock "buy", 12 "hold" and 5 "sell" or "strong sell"; median PT is $305 - data compiled by LSEG

** Including session's moves, FDS down 58.3% in the last 12 months

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment