BMO Capital analyst Etienne Ricard maintains $Victory Capital (VCTR.US)$ with a buy rating, and adjusts the target price from $59 to $69.
According to TipRanks data, the analyst has a success rate of 72.8% and a total average return of 25.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Victory Capital (VCTR.US)$'s main analysts recently are as follows:
The estimates in the asset management sector have been updated following the monthly asset under management releases.
Victory Capital's position as the sole provider of U.S. strategies to Amundi's international clientele is expected to secure a consistent influx of assets under management, with projections ranging from $2 billion to $4 billion each year. This arrangement could potentially yield revenue synergies estimated at $20 million to $40 million by the year 2025.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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