FactSet Research Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

FactSet Research Systems Inc. FDS is expected to report its financial and operating results for the third quarter fiscal 2023, ending May 31, 2023, before the opening bell on June 22, 2023.

Analysts expect the company to post quarterly earnings at $3.61 per share, down from year-ago earnings of $3.76 per share. The company’s revenue might come in at $527.33 million.

FactSet Research shares rose 0.4% to close at $423.34 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Stifel analyst Shlomo Rosenbaum maintained a Hold rating and raised the price target from $408 to $419 on May 23, 2023. This analyst sees around 1% downside in the company’s stock and has an accuracy rate of 71%.
• BMO Capital analyst Jeffrey Silber initiated coverage on the stock with a Market Perform rating and a price target of $424 on May 15, 2023. This analyst sees around 0.2% upside in the company’s stock and has an accuracy rate of 71%.
• UBS analyst Alex Kramm maintained a Neutral rating and increased the price target from $399 to $425 on Dec. 21, 2022. This analyst sees around 0.4% upside in the company’s stock and has an accuracy rate of 71%.
• Barclays analyst Manav Patnaik maintained an Overweight rating and boosted the price target from $440 to $520 on Dec. 2, 2022. This analyst sees around 23% upside in the company’s stock and has an accuracy rate of 73%.
• Deutsche Bank analyst George Hill maintained a Buy rating and cut the price target from $477 to $454 on March 24, 2023. This analyst sees around 7% upside in the company’s stock and has an accuracy rate of 64%.

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