RBC Capital Maintains FactSet Rating as Company Raises FY26 Financial Guidance

Key Facts

1RBC Capital maintained its 'Sector Perform' rating and $243 price target on FactSet Research Systems.

2FactSet raised its FY26 adjusted EPS and revenue guidance following strong Q2 results.

3The company noted early contributions from AI and an increase in share repurchases.

RBC Capital has reiterated its "Sector Perform" rating on FactSet Research Systems (FDS), maintaining a price target of $243. The decision follows FactSet's robust second-quarter performance, which was characterized by competitive wins and improved pricing strategies. In a significant move, the company raised its adjusted earnings per share (EPS) and revenue guidance for the 2026 fiscal year. Management highlighted early contributions from artificial intelligence (AI) initiatives as a key driver for future growth and efficiency. Furthermore, FactSet announced an increase in its share repurchase program, signaling confidence in its long-term financial health. While the analyst rating remains neutral, the upward revision in long-term guidance suggests a positive fundamental outlook for the financial data provider.