BUZZ-William Blair upgrades FactSet, says AI risk overstated
FDS•William Blair upgrades FactSet to outperform
William Blair upgraded financial data provider FactSet Research to outperform from market perform.
The brokerage said the perceived AI disruption risk is overstated for FactSet, which it said has become a poster child for broader concerns that AI will disrupt financial data providers.
"We remain bullish on AI as a net benefit to information services because it should increase demand for trusted, decision-grade data, accelerate product development" — William Blair
William Blair said that while FactSet is smaller in scale than its largest and primary competitors S&P Global, Bloomberg and LSEG, its scale is sufficient for continued investment initiatives.
Four out of 20 brokerages rate the stock buy or higher, 10 hold and 6 sell or lower, with a median price target of $254, according to data compiled by LSEG.
As of the last close, FactSet stock was up 4% year to date.
