--- title: "FactSet closed at $286.52, above the street's $277.56 target, on a Scotia deal with no disclosed value" description: "A Scotia Wealth partnership with no disclosed value lifted FactSet 5.09% to $286.52, past the street's $277.56 average target, six days after a below-consensus fiscal 2027 guide knocked 4.18% off the stock. The AI line behind both moves still has no dollar figure." publisher: "The Inference" section: "Money" published: 2026-10-09T17:14:28.050Z modified: 2026-10-09T17:14:28.050Z canonical: https://theinference.org/article/factset-closed-at-286-52-above-the-street-s-277-56-target-on-a-scotia-deal-with-no-disclosed-value language: en keywords: "FactSet, Earnings, Stocks, Wealth Management, AI" --- # FactSet closed at $286.52, above the street's $277.56 target, on a Scotia deal with no disclosed value > A Scotia Wealth partnership with no disclosed value lifted FactSet 5.09% to $286.52, past the street's $277.56 average target, six days after a below-consensus fiscal 2027 guide knocked 4.18% off the stock. The AI line behind both moves still has no dollar figure. ## The release with no numbers won the week On September 30 [FactSet](https://theinference.org/markets/companies/factset) priced its own future: organic annual subscription value up 7.0% to $2,568.2 million for fiscal 2026, a record increase in the CEO's words, then [a fiscal 2027 guide of 5.0-6.5% growth and adjusted EPS of $19.25-19.65](https://www.marketscreener.com/news/factset-reports-results-for-fourth-quarter-and-fiscal-2026-ce785ad2df80f72d), under the $19.75 consensus [1][2]. Shares fell 4.18% to $266.00 on October 2 [2]. Six days later came an expanded Scotia Wealth Management partnership with no disclosed dollar terms, [only a promise that advisors would get FactSet's research and market data in one place](https://www.stocktitan.net/news/FDS/fact-set-announces-expanded-partnership-with-scotia-wealth-3obrhmivax5c.html) [3]. The stock closed 5.09% higher at $286.52 [3][4]. ## The stock now sits above the street's own math $286.52 is above [the $277.56 average 12-month target across 18 analysts at a Neutral consensus](https://www.ad-hoc-news.de/boerse/news/corporate-news/factset-research-stock-fell-4-18-percent-after-fy2027-guidance/70226065) [2]. Market value swung from $9.5 billion on October 2 to $10.26 billion by the October 8 close [2][3]. The post-earnings target raises stayed on the fence: Stifel moved to $292 and kept Hold, BMO to $300 and kept Market Perform [2]. [Goldman Sachs](https://theinference.org/markets/companies/goldman-sachs) rates the shares Sell at $237; Wells Fargo is Underweight at $250 [1]. *Chart: **After Scotia, FactSet closed above the street's average target** Bar chart comparing FactSet's October 2 close of $266.00, the $277.56 average analyst target, and the October 8 close of $286.52* *NYSE closing prices and 12-month average analyst target, USD; Neutral consensus across 18 analysts. Sources: ad-hoc-news (October 2), StockTitan, MarketWatch. [2][3][4]* ## The AI line has no dollar figure Both camps are trading the same asset. The guide steps down to 5.0-6.5% because the record year carried real costs; the rally runs because AI-solutions ASV added in fiscal 2026 more than doubled year over year [1]. [No dollar figure for that business appears anywhere in the results](https://www.techceodaily.com/fintech/factset-fiscal-q4-organic-asv-growth-ai) [1][8], and a doubling from an undisclosed base leaves the size unknown. ## The record year was not free Fourth-quarter GAAP operating margin fell to 24.7% from 29.7%, on $26.9 million of restructuring and severance plus incentive pay linked to the ASV growth itself [1]. [Every quarter of fiscal 2026 printed a lower GAAP margin than its year-earlier counterpart](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001013237) [1][7]. The adjusted measure is guided up to 34.75-35.25%, from 34.5% [1]. *Chart: **GAAP operating margin fell year over year in every quarter of fiscal 2026** Line chart of FactSet's quarterly GAAP operating margin from Q1 FY24 to Q4 FY26, stepping down through fiscal 2026* *Quarterly GAAP operating income as a share of revenue, fiscal years ending August 31; Q4 FY26 from the September 30, 2026, release, earlier quarters from SEC filings. [1][7]* ## The bulls are buying lock-in Their evidence is genuine: annual retention above 95%, average renewal length up about 30% in the quarter [1], and three wealth partnerships in five months, TIFIN.AI in June with a strategic investment, SUBSCRIBE for private markets on October 6, Scotia on the 8th [5]. None of the three discloses a subscription value [3][5][6]. ## What settles it Two disclosures settle the argument: the first fiscal 2027 quarter against the 5.0-6.5% guide, and [the first dollar figure for AI ASV](https://finance.yahoo.com/markets/stocks/articles/factset-research-systems-fds-wealth-081132639.html) [6]. Until one arrives, everything above $277.56 is paying for press releases. ## Takeaway The Scotia announcement moved FactSet past its own analysts, but the two numbers that could justify $286.52, a dollar figure for AI-solutions ASV and a fiscal 2027 quarter against the 5.0-6.5% guide, have not arrived. ## Sources 1. [FactSet press release via MarketScreener, "FactSet Reports Results for Fourth Quarter and Fiscal 2026," 30 September 2026](https://www.marketscreener.com/news/factset-reports-results-for-fourth-quarter-and-fiscal-2026-ce785ad2df80f72d) 2. [ad-hoc-news.de, "FactSet Research stock fell 4.18 percent after FY2027 guidance," 2 October 2026](https://www.ad-hoc-news.de/boerse/news/corporate-news/factset-research-stock-fell-4-18-percent-after-fy2027-guidance/70226065) 3. [StockTitan (GlobeNewswire), "FactSet Announces Expanded Partnership with Scotia Wealth Management," 8 October 2026](https://www.stocktitan.net/news/FDS/fact-set-announces-expanded-partnership-with-scotia-wealth-3obrhmivax5c.html) 4. [MarketWatch, "FDS Stock Price | FactSet Research Systems Inc. Stock Quote," 9 October 2026](https://www.marketwatch.com/investing/stock/fds) 5. [Securities.io, "FactSet Extends Research Platform Across Scotia Wealth Management," 8 October 2026](https://www.securities.io/factset-extends-research-platform-across-scotia-wealth-management/) 6. [Yahoo Finance (Simply Wall St), "What Do FactSet Research Systems (FDS) New Wealth And Private Markets Deals Mean?," 9 October 2026](https://finance.yahoo.com/markets/stocks/articles/factset-research-systems-fds-wealth-081132639.html) 7. [FactSet quarterly figures from its SEC filings, retrieved 9 October 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001013237) 8. [Tech CEO Daily, "FactSet fiscal Q4 organic ASV growth 7.0%," 9 October 2026](https://www.techceodaily.com/fintech/factset-fiscal-q4-organic-asv-growth-ai) --- FactSet closed at $286.52, above the street's $277.56 target, on a Scotia deal with no disclosed value — The Inference. Canonical: https://theinference.org/article/factset-closed-at-286-52-above-the-street-s-277-56-target-on-a-scotia-deal-with-no-disclosed-value