FDS

AI Research

New Chief AI Officer + CTO appointed; Deutsche Bank cuts target to $275; EPS beats at $4.51

FactSet appointed Kate Stepp as Chief AI Officer and Bob Stolte as Chief Technology Officer effective March 2, 2026, signaling a strategic commitment to AI-driven financial data capabilities. Q1 2026 EPS of $4.51 beat estimates of $4.37, but Deutsche Bank lowered its price target to $275 from $335 while maintaining a Hold rating, and the stock trades at ~$207 vs a 52-week high of $474.79. Delta Global Management increased its FactSet stake, buying 3,244 additional shares in Q3.