SEI Investments price target raised to $100 from $84 at Morgan Stanley

Morgan Stanley analyst Ryan Kenny raised the firm’s price target on SEI Investments (SEIC) to $100 from $84 and keeps an Overweight rating on the shares. The firm, which expects strong net new sales momentum to continue, is raising its 2026 EPS forecast by 3% and also raising its target 2026 PE multiple. SEI is an “under-the-radar asset servicing provider” with three key drivers for multiple re-rating, namely margin expansion, sales momentum and rising alternatives exposure, the analyst argues.