Victory Capital Holdings

VCTR · NASDAQ

$108.45+$0.745 (+0.69%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $107.71

VCTR analyst rating

HoldConsensus of 5 analysts over the last 12 months. 20% rate it a buy.

Strong buy0
Buy1
Hold4
Underperform0
Sell0

12-month price target · 8 analysts

Average $119.34 (+10.0% upside)

Low: $113.12
Now: $108.45
High: $129.15

Upgrades and downgrades

The latest rating actions, newest first

VCTR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 16, 2026	Maintains	Neutral	$101.00 → $120.00	53%
Barclays	Oct 14, 2026	Maintains	Equal-Weight	$112.00 → $121.00	57%
Morgan Stanley	Sep 25, 2026	Maintains	Equal-Weight	$91.00 → $115.00	54%
Goldman Sachs	Aug 28, 2026	Maintains	Neutral	$100.00 → $117.00	61%
RBC Capital	Aug 7, 2026	Maintains	Outperform	$107.00 → $118.00	29%
Barclays	Aug 7, 2026	Maintains	Equal-Weight	$95.00 → $112.00	57%
JP Morgan	Aug 7, 2026	Maintains	Neutral	$87.00 → $101.00	53%
RBC Capital	Jul 23, 2026	Maintains	Outperform	$95.00 → $107.00	29%
Barclays	Jul 14, 2026	Maintains	Equal-Weight	$85.00 → $95.00	57%
Morgan Stanley	Jun 26, 2026	Maintains	Equal-Weight	$76.00 → $85.00	54%

The case for and against

Updated May 1, 2025

Bull case

Victory Capital Holdings Inc. has demonstrated a positive financial trajectory, highlighted by a robust adjusted EBITDA margin of 53.7%, surpassing both estimates and management targets, which reflects strong operational efficiency. The firm's mutual fund business under Amundi U.S. has contributed to a 6% increase in net flows, totaling $2.6 billion in 2024, showcasing consistent positive net flows since 2017 and reinforcing the firm's investment strategy. Furthermore, the company has significant opportunities for capital deployment in mergers and acquisitions as well as shareholder distributions, combined with a growing institutional demand and a substantial investment pipeline from VictoryShares.

Bear case

Victory Capital Holdings Inc faces a negative outlook due to several fundamental concerns impacting its financial stability and revenue generation. The potential for a 20% decline in equity markets, combined with increased fund redemptions and downward pressure on average fee rates, poses a significant risk to the company's assets under management (AUM) and revenue streams. Additionally, competitive pressures, poor investment performance, and integration challenges related to USAA could exacerbate these issues, leading to further declines in AUM and financial performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.