FactSet falls as Wells Fargo cuts PT on rising AI‑driven competition

Shares of data analytics firm FactSet Research FDS.N fall 7.6% to $190.15

Wells Fargo cuts PT on FDS to $195 from $215, implying a 5.2% downside to stock's last close

Says while business momentum is strong and should continue given a supportive capital markets backdrop, it remains concerned about rising competition

AI has lowered barriers to entry to building competing products, and we see risk that margin compression could persist beyond 2026 as FDS makes investments to maintain its edge - Wells Fargo

3 of 20 analysts rate stock "buy", 12 "hold" and 5 "sell" or "strong sell"; median PT is $305 - data compiled by LSEG

Including session's moves, FDS down 58.3% in the last 12 months