FactSet price target lowered to $305 from $311 at BMO Capital

BMO Capital analyst Jeffrey Silber lowered the firm’s price target on FactSet (FDS) to $305 from $311 and keeps a Market Perform rating on the shares after its “decent” Q1 earnings beat. The company’s management sounded positive on the macro and ASV growth modestly accelerated, though it is still early in FY26, and thus the management only reaffirmed annual guidance, the analyst tells investors in a research note. The post-earnings share weakness was driven by continued investor skepticism on the macro and Gen-AI risk for FactSet despite a decent quarter, BMO added.