Analyst Michael Cyprys of Morgan Stanley maintained a Hold rating on Victory Capital Holdings (VCTR – Research Report), boosting the price target to $68.00.
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Michael Cyprys has given his Hold rating due to a combination of factors including the recent performance metrics and projections for Victory Capital Holdings. The company’s earnings per share (EPS) for the first quarter of 2025 have been revised upward by 1.5% to $1.39, reflecting better operational efficiencies. The adjusted EPS for 2025 and 2026 have also been increased, driven by improved buybacks and a reduced share count.
Despite these positive developments, the stock’s price target was raised by 8% to $68, which suggests limited upside potential given the current share price of $70.58. This indicates that while the company shows strong operational improvements, the market may have already priced in these gains, warranting a Hold recommendation as further growth may not significantly exceed current valuations.
In another report released yesterday, UBS also maintained a Hold rating on the stock with a $71.00 price target.