Barclays has revised its price target for Victory Capital (VCTR, Financial), reducing it from $75 to $59 while maintaining an Equal Weight rating on the stock. This adjustment reflects the latest updates in asset manager models, which now incorporate comprehensive quarterly flow and assets under management data.
The recalibration comes amidst overall market conditions that have led to decreased estimates, particularly influenced by market movements observed in March. Analysts suggest that these changes are necessary to align with the current financial landscape, providing a more accurate forecast for Victory Capital's future performance.
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 $73.14 with a high estimate of $87.00 and a low estimate of $64.00. The average target implies an upside of 27.43% from the current price of $57.40. 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 2.4, indicating "Outperform" 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 5.96% from the current price of $57.4. 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.
