Update shared on 18 Nov 2025
Analysts have modestly adjusted their price targets for Victory Capital Holdings, with recent updates reflecting a slight decrease from $71 to $70. These updates highlight continued confidence in the company's improving expense management and organic growth prospects.
Analyst Commentary
Recent commentary from major firms provides additional insight into the outlook for Victory Capital Holdings, highlighting both optimism about the company's execution and areas where caution may be warranted. The views below synthesize street research across multiple coverage providers over the last several weeks.
Bullish Takeaways- Analysts note strengthening organic growth drivers, supported by recent acquisitions and new partnerships. These factors are expected to enhance Victory Capital's earnings profile over the long term.
- Expense management remains a positive focus. Recent quarterly results beat expectations on the cost front and contributed to upward revisions in profitability estimates.
- Expanded product offerings, including exposure to global equities and fixed income, are seen as differentiators that could support premium valuation multiples compared to peers.
- Margin improvement is anticipated by several analysts as the company pursues operational efficiencies and targets a higher EBITDA margin.
- Some analysts have modestly lowered price targets, reflecting expectations that near-term upside may be limited by cautious sector sentiment or incremental valuation adjustment.
- While organic growth is improving, analysts advise monitoring the pace and success of integration efforts for recent acquisitions to ensure sustainable execution.
- Competitive pressures in asset management and variability in market returns could challenge the company's ability to consistently outperform expectations.
What's in the News
- Completed the repurchase of 2,119,313 shares, representing 3.19% of total outstanding shares, for $144.93 million under the buyback announced on December 19, 2024 (Key Developments).
- Between July 1, 2025 and September 30, 2025, the company repurchased 1,777,483 shares, accounting for 2.66% of shares, for $123.55 million (Key Developments).
Valuation Changes
- Fair Value: Remains unchanged at $74, suggesting a stable outlook for intrinsic valuation.
- Discount Rate: Increased slightly from 8.65% to 8.73%, reflecting marginally higher perceived risk.
- Revenue Growth: Decreased notably from 21.10% to 15.65%, pointing to more conservative growth expectations.
- Net Profit Margin: Improved, rising from 50.86% to 55.86%, indicating anticipated gains in profitability.
- Future P/E: Declined from 7.35x to 6.43x, suggesting a lower valuation multiple applied to projected earnings.
Disclaimer
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