FactSet Research Systems Sees AI Momentum Driving Growth, RBC Says

MT Newswires Live04-02

FactSet Research Systems (FDS) beat fiscal Q2 expectations on higher pricing, competitive wins and growing artificial intelligence adoption as the company raised its fiscal 2026 revenue and EPS guidance, RBC Capital Markets said in a Wednesday note.

FactSet reported fiscal Q2 revenue of $611 million and adjusted EPS of $4.46.

RBC said AI is becoming a more important growth driver, with clients using more of FactSet's AI solutions and data in their workflows.

The firm noted that 48 of the top 50 clients are now using at least three AI solutions, while the company's MCP server has already engaged more than 120 clients and seen API call volumes triple month over month.

RBC also pointed to continued pricing power and a shift toward enterprise agreements. The firm said clients are signing longer multi-year contracts with expanded AI capacity.

RBC maintained its sector perform rating on FactSet, with a $243 price target.

Price: 223.25, Change: +6.26, Percent Change: +2.88

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