FTSE100 technological stocks London Stock Exchange Group‘s (LSE: LSEG) has gained momentum again. After dropping to almost 80 pounds in September, it shot back up to 98 pounds in the blink of an eye.

I think this may actually be the last chance for investors to get the price below £100. Because City analysts predict it will be much higher in the next 12 months.

Why the stock price dropped

There were two main reasons why LSEG stock fell recently. One was that the company’s shares fell due to the “AI will eat software” narrative.

The second was that LSEG belatedly introduced its own artificial intelligence solutions, which were developed in cooperation with the technology powerhouse Microsoft. Investors feared rivals could take market share.

Investor concerns evaporate

Last week’s third-quarter results appear to have allayed some concerns. This is because they were very solid.

Not only did the company record 6.5% growth in its subscription data segment, but it also increased its pre-guidance earnings on interest, tax, depreciation and amortization (EBITDA) margins. In addition, it announced a share buyback worth £1 billion.

When it comes to artificial intelligence, the company said it has deepened its cooperation with Microsoft. Currently, LSEG data is integrated with Microsoft 365 Copilot and agentic AI tools via Copilot Studio.

It also reminded investors that in September it announced that AI-ready data is available on the Databricks data platform, enabling customers to quickly build and deploy AI agents with confidence in the accuracy and auditability of the data. It has established similar cooperation with the company Snowflake in October, enabling customers to embed LSEG data into AI agents powered by Cortex AI tools.

During its third-quarter earnings call, CEO David Schwimmer sharply expressed his view that artificial intelligence would harm its business model. “For those who believe that AI models can take so-called public data from the Internet and displace us, this is essentially ignoring the impossibility of replicating the huge majority of our data– he said.

Target price escalate

Since the publication of these results, City analysts have been trying tough to escalate the target price of the company’s shares. In recent days, analysts including: JP Morgan raised their price target to £133 from £128, while analysts at RBC increased to £134 from £132.

These targets are 36% and 37% above the current share price, respectively. In other words, analysts see the potential for significant gains in the medium term.

It is worth noting that although the share price has increased in recent weeks, the valuation still looks very reasonable. The company’s stock is currently trading at a forward-looking price-to-earnings (P/E) ratio of 21 – low for a data company.

Blue chip stocks are worth considering today

Given the company’s momentum and the bullish sentiment from City analysts, I think it’s worth taking a look at Footsie shares today. AI and peer competition are still risks, but I think the overall risk/reward proposition is very compelling.