BMO Capital analyst Etienne Ricard maintains $Victory Capital (VCTR.US)$ with a buy rating, and adjusts the target price from $69 to $71.
According to TipRanks data, the analyst has a success rate of 71.4% and a total average return of 27.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Victory Capital (VCTR.US)$'s main analysts recently are as follows:
Despite ongoing net outflows, management indicated that several significant mandates, which are not yet funded, are anticipated in the fourth quarter and early fiscal 2025. Additionally, the expected closure of the Amundi transaction is projected for the first quarter of the following year.
The forecast for Victory Capital's FY25 adjusted EPS has been revised upwards by 8.2% to $6.05, influenced by improved management fees despite higher compensation costs. Similarly, the projection for FY26 adjusted EPS has been adjusted up by 7.2% to $6.87, attributed to the same factors.
Victory Capital's prospects for 2025 seem to be plentiful with positive triggers, including better net flows, revenue synergies from Amundi, a very favorable mergers and acquisitions climate, the possibility of restarting stock repurchases, and a diminished overhang from private equity ownership.
Note:
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