Barclays analyst Benjamin Budish maintains $Victory Capital (VCTR.US)$ with a hold rating, and maintains the target price at $69.
According to TipRanks data, the analyst has a success rate of 77.3% and a total average return of 20.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Victory Capital (VCTR.US)$'s main analysts recently are as follows:
Following the Q3 report, there's an acknowledgment that despite continued net outflows, management highlighted the anticipation of several significant mandates that are expected to fund in Q4 and early fiscal 2025. Additionally, the closure of the Amundi transaction is projected for Q1 of the following year.
The projection for Victory Capital's adjusted earnings per share in FY25 has been enhanced by 8.2% to reach $6.05, primarily due to improved management fees, though this is somewhat balanced by higher compensation costs. Similarly, the forecast for FY26 sees an increment of 7.2% to $6.87, attributed to comparable factors, as noted by an analyst in a post-earnings commentary.
Victory Capital's 2025 outlook is seen as abundant with catalysts due to bettering net flows, anticipated revenue synergies from Amundi, a highly favorable merger and acquisition climate, the likelihood of recommencing stock repurchases, and the diminishing influence of private equity ownership.
Note:
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