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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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