SEI Investments Balancing Slowed Revenue Growth With Strong Margins - Analyst Lowers Price Target
Portfolio Pulse from Nabaparna Bhattacharya
Piper Sandler analyst Crispin Love has reiterated a Neutral rating on SEI Investments Company (SEIC), lowering the price target to $64 from $65. The analyst notes slowed revenue growth for SEI Investments over the past several quarters, but appreciates the company's strong operating margins. SEI aims to double its revenue to $4 billion by 2027-2029.
October 03, 2023 | 7:06 pm
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NEUTRAL IMPACT
SEI Investments' price target has been lowered by Piper Sandler analyst due to slowed revenue growth, but the company's strong operating margins and goal to double revenue by 2027-2029 are noted.
The analyst's lowered price target could potentially lead to short-term negative sentiment around SEIC's stock. However, the company's strong operating margins and ambitious revenue goals may offset this in the longer term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100