RBC Capital analyst Kenneth Lee raised the firm’s price target on Victory Capital (VCTR) to $95 from $84 and keeps an Outperform rating on the shares after its Q1 earnings beat. The firm remains positive on the stock given its expansive opportunity set for potential M&A , adding that the management could lean toward larger-scaled opportunities or bolt-ons to fill gaps, the analyst tells investors in a research note. RBC adds that it likes Victory’s inorganic and organic growth potential.
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Read More on VCTR:
- Victory Capital’s Earnings Call Highlights Record Results
- Victory Capital price target raised to $81 from $72 at JPMorgan
- Victory Capital price target raised to $85 from $74 at Barclays
- Victory Capital reports Q1 adjusted EPS $1.82, consensus $1.63
- Victory Capital resumed with an Equal Weight at Morgan Stanley