Virtu Financial price target raised to $49 from $45 at BofA

BofA analyst Craig Siegenthaler raised the firm’s price target on Virtu Financial (VIRT) to $49 from $45 and keeps a Buy rating on the shares. Looking ahead to 2026, the firm now favors the alternative asset managers to online brokers due to what it sees as a better valuation and positioning setup combined with a stronger macro backdrop, the analyst tells investors in a note on the brokers, asset managers and exchanges group.