SS&C price target raised to $85 from $79 at Raymond James

Raymond James analyst Patrick O’Shaughnessy raised the firm’s price target on SS&C to $85 from $79 and keeps a Strong Buy rating on the shares. Momentum across SS&C’s businesses continues with two consecutive quarters of more than 6% organic revenue growth for the first time since 2021, the analyst tells investors in a research note. Despite very conservative guidance for Q4, the firm expects healthy revenue growth to endure, and Raymond James likes the risk/reward with SS&C’s current valuation.