BMO Capital raised the firm’s price target on Victory Capital (VCTR) to $78 from $71 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 for Asset Managers. For alternative asset managers, 2025 should offer a more active environment for transactions supported by easing monetary policies, though the firm remains mindful that the sector’s record valuations already reflect investor optimism, the analyst tells investors in a research note. BMO adds that the sector valuations also “reflect improving fundamentals”, also noting that realizations have yet to pick-up as meaningfully and should prove to be a key driver of future fundraising and carried interest.
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Read More on VCTR:
- Victory Capital reports AUM of $179.7B as of November 30, 2024
- Victory Capital price target raised to $79 from $72 at RBC Capital
- Victory Capital price target raised to $72 from $61 at RBC Capital
- Victory Capital reports October-end AUM $172.3B
- Victory Capital price target raised to $71 from $69 at BMO Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
