FactSet stock receives upgrade, analysts say AI disruption fears overdone
Summary
The recent sell off in Factset Research Systems Inc (NYSE:FDS) shares over AI disruption fears has been overdone, accord...
The recent sell off in Factset Research Systems Inc (NYSE:FDS) shares over AI disruption fears has been overdone, according to analysts at UBS, saying investors underappreciate the stickiness of the financial digital platform's solutions in a slow-moving industry. As a result, they boosted their rating on the stock to ‘Buy' from ‘Neutral' but also lowered their target price to $425 per share from $480, citing the company's growth outlook, which they say has become more uncertain.