Goldman Sachs analyst Alexander Blostein maintains $Victory Capital (VCTR.US)$ with a buy rating, and adjusts the target price from $60 to $68.
According to TipRanks data, the analyst has a success rate of 76.1% and a total average return of 21.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Victory Capital (VCTR.US)$'s main analysts recently are as follows:
Despite ongoing net outflows, management has indicated a number of sizeable mandates anticipated to be funded in the fourth quarter and early into the next fiscal year. Additionally, the anticipated closure of the Amundi transaction is projected for the first quarter of the following year.
The firm's projection for Victory Capital's adjusted earnings per share in FY25 has been raised by 8.2% to $6.05, reflecting improved management fees, though balanced by higher compensation expenses. Similarly, the forecast for FY26 adjusted earnings per share sees a 7.2% increase to $6.87, attributed to the same factors.
Victory Capital's 2025 prospects seem to be abundant with growth drivers, attributed to improving net flows, anticipated revenue synergies from Amundi, a highly favorable environment for mergers and acquisitions, prospects for the resumption of share buybacks, and a decrease in the private equity ownership overhang.
Note:
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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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