FactSet Announces CEO Transition from Snow to Viswanathan

FactSet Research Systems announced that CEO Phil Snow will retire in early September 2025 after 30 years with the company, including a decade as CEO, with JPMorgan executive Sanoke Viswanathan set to succeed him. Snow will stay on as a senior advisor through the end of the year to aid the transition. Viswanathan’s appointment, viewed as a strategic move to leverage his banking and wealth management expertise, aligns with the board’s desire for a catalyst amid skepticism about FactSet meeting its fiscal 2025 targets. The CEO change surprised many investors and triggered a share price decline, with Barclays maintaining an Underweight rating and a $390 price target, while the consensus brokerage recommendation remains a Hold. Analysts’ price targets vary widely, with some seeing potential upside based on the company’s strong revenue growth and profitability but also cautioning on valuation and market uncertainties. FactSet’s leadership transition marks a significant shift as the company positions itself for growth in financial data and enterprise solutions under new leadership.