Morgan Stanley Thinks Victory Capital Holdings Inc’s Stock is Going to Recover


In a report released today, Michael Cyprys from Morgan Stanley maintained a Buy rating on Victory Capital Holdings Inc (NASDAQ: VCTR), with a price target of $16. The company’s shares opened today at $8.76, close to its 52-week low of $8.27.

According to TipRanks.com, Cyprys is a 3-star analyst with an average return of 5.2% and a 70.2% success rate. Cyprys covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Virtus Investment Partners, and Oaktree Capital Group Llc.

Currently, the analyst consensus on Victory Capital Holdings Inc is a Strong Buy with an average price target of $12.80, representing a 46.1% upside. In a report issued on September 25, KBW also upgraded the stock to Buy with a $12.50 price target.

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Victory Capital Holdings Inc’s market cap is currently $603.6M and has a P/E ratio of 12.74. The company has a Price to Book ratio of 1.43.

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Victory Capital Holdings, Inc. engages in the provision of investment management products and services to institutional and intermediary clients. The company sells and distributes its products through centralized distribution model, broker-dealers, retirement platforms, and registered investment advisor networks.

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