RBC Capital Maintains Outperform on Victory Capital Holdings, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Kenneth Lee maintains an Outperform rating on Victory Capital Holdings (NASDAQ:VCTR) and raises the price target from $47 to $56.
May 14, 2024 | 3:26 pm
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POSITIVE IMPACT
RBC Capital has maintained an Outperform rating on Victory Capital Holdings and increased the price target from $47 to $56, indicating a positive outlook on the stock.
The upgrade in price target by a reputable analyst like Kenneth Lee from RBC Capital suggests a strong confidence in Victory Capital Holdings' future performance. This is likely to be viewed positively by the market, potentially leading to a short-term increase in the stock price as investors adjust their valuations based on the new price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100