• FactSet Research Systems stock is moving in positive territory. What’s pushing FDS stock higher?The FactSet Research Systems Analyst: Analyst Ashish Sabadra reiterated a Sector Perform rating and price target of $240.The FactSet Research Systems Thesis: The company’s third-quarter organic ASV grew $35.4 million sequentially, exceeding consensus of $30 million, with the growth rate accelerating to 7.1% year-over-year, from 6.7% in the previous quarter, Sabadra said in the note.Check out other analyst stock ratings.The company delivered strong beats on revenues and earnings, while margins missed estimates, he added.The company has entered the "early innings: in AI monetization, highlighting that around 10% of its ASV growth in the third quarter came "directly from discrete AI SKUs, compared to almost no contribution from last year," the analyst wrote.He noted that:
Around 90% of FactSet Research Systems’ top 50 clients are using four or more AI products.
These clients are witnessing 50% faster ASV growth than the broader base.
Regarding the company’s MCP (Model Context Protocol, which allows AI models and LLMs to directly connect to external tools and data systems) clients, the analyst stated that:
