FDS: Google AI/Cloud Strategic Partnership

Research evidence excerpt

FDS: Google AI/Cloud Strategic Partnership

FactSet Research Systems Inc.

Distribution of ratings

For the purpose of ratings distributions, regulatory rules require member firms to assign ratings to one of three rating categories -

Buy, Hold/Neutral, or Sell - regardless of a firm's own rating categories. Although RBC Capital Markets' ratings of Outperform (O),

Sector Perform (SP), and Underperform (U) most closely correspond to Buy, Hold/Neutral and Sell, respectively, the meanings are

not the same because our ratings are determined on a relative basis.

RBC Capital Markets, Equity Research

As of 31-Mar-2026

Investment Banking

Serv./Past 12 Mos.

Rating Count Percent Count Percent

BUY [Outperform] 899 57.52 286 31.81

HOLD [Sector Perform] 612 39.16 153 25.00

SELL [Underperform] 52 3.33 5 9.62

Rating and price target history for: FactSet Research Systems Inc., FDS US as of 29-Jun-2026 (in USD)

25-Aug-2023 19-Sep-2024 08-Aug-2025 04-Dec-2025 17-Mar-2026 26-May-2026

Rtg:SP Rtg:SP Rtg:SP Rtg:SP Rtg:SP Rtg:SP

Target: 464.00 Target: 503.00 Target: 395.00 Target: 320.00 Target: 243.00 Target: 240.00

Q1 Q2 Q3 2024 Q1 Q2 Q3 2025 Q1 Q2 Q3 2026 Q1 Q2

Legend:

O: Outperform; SP: Sector Perform; U: Underperform; R: Restricted; I: Initiation of Research Coverage; D: Discontinuation of Research Coverage;

NR: Not Rated; NA: Not Available; RL: Recommended List - RL: On: Refers to date a security was placed on a recommended list, while RL Off: Refers to date

a security was removed from a recommended list; Rtg: Rating.

Created by: BlueMatrix

References to a Recommended List in the recommendation history chart may include one or more recommended lists or model

portfolios maintained by RBC Wealth Management or one of its affiliates. RBC Wealth Management recommended lists include