B. Riley has upgraded Victory Capital (VCTR, Financial) to a Buy rating from a previous Neutral stance, while simultaneously increasing their price target to $70, a $10 bump from the previous target of $60. This upgrade is primarily attributed to an anticipated rise in assets under management following the completion of the Amundi acquisition.
The firm noted that Victory Capital, along with its traditional asset manager counterparts, experienced a decline in market performance earlier this year. However, the recent integration of Amundi's high-quality growth franchise is expected to enhance Victory Capital's earnings potential and improve net flow growth, setting it apart from many of its peers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Victory Capital Holdings Inc (VCTR, Financial) is $71.71 with a high estimate of $87.00 and a low estimate of $60.00. The average target implies an upside of 28.59% from the current price of $55.77. More detailed estimate data can be found on the Victory Capital Holdings Inc (VCTR) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Victory Capital Holdings Inc's (VCTR, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Victory Capital Holdings Inc (VCTR, Financial) in one year is $53.98, suggesting a downside of 3.21% from the current price of $55.77. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Victory Capital Holdings Inc (VCTR) Summary page.
