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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VCTR:
- Victory Capital Holdings Reports Growth in August AUM
- Victory Capital reports August-end AUM $303.7B
- Victory Capital price target raised to $82 from $74 at B. Riley
- Victory Capital price target raised to $67 from $66 at Morgan Stanley
- Victory Capital Holdings: Hold Rating Maintained Amid EPS Revisions and Limited Upside Potential