Goldman Sachs positive on Victory Capital’s improving organic growth profile

Goldman Sachs analyst Alexander Blostein keeps a Buy rating and $76 price target on Victory Capital (VCTR) after hosting investor meetings with its management team. The firm’s takeaway is increasing confidence in Victory’s improving organic growth profile, aided by the recent acquisition of Pioneer and the Amundi partnership, M&A opportunity for larger-sized Traditional managers and small-size Alts lift-outs, and the upside to the firm’s 49% EBITDA target margin, the analyst tells investors in a research note.