RBC Capital analyst Kenneth Lee raised the firm's price target on Victory Capital to $95 from $84 and keeps an Outperform rating on the shares after its Q1 earnings beat. The firm remains positive on the stock given its expansive opportunity set for potential M&A , adding that the management could lean toward larger-scaled opportunities or bolt-ons to fill gaps, the analyst tells investors in a research note. RBC adds that it likes Victory's inorganic and organic growth potential.
