Is Victory Capital’s US$110 Million Synergy Target After Amundi Deal Changing the Investment Case for VCTR?

Simply Wall St.11-28

Earlier this quarter, Merion Road Capital Management re-initiated a position in Victory Capital Holdings shortly after the company's acquisition of Amundi US, expanding Victory Capital’s assets under ...

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A distinguishing insight from this event is Victory Capital’s upward revision of its cost synergy target to US$110 million, along with management's emphasis on future free cash flow potential and cross-selling opportunities. We'll examine what these expanded cost synergies and renewed investor interest could mean for Victory Capital’s investment narrative ahead. Uncover the next big thing with financially sound penny stocks that balance risk and reward.AdvertisementVictory Capital Holdings Investment Narrative Recap To be a shareholder in Victory Capital Holdings, you need to believe in the firm's ability to deliver consistent asset growth and improve earnings by integrating acquisitions and realizing meaningful cost synergies. The recent increase in Victory Capital’s cost synergy target following the Amundi US acquisition could enhance near-term cash flow, a key catalyst, but does not fundamentally lessen the ongoing risk of net client outflows, which remains significant for revenue stability.\n  Among recent announcements, Victory Capital’s completion of a substantial share buyback program stands out, reinforcing management’s confidence in the company’s current valuation and future cash flow potential. This move is relevant to the narrative, as it reflects an effort to balance shareholder returns while integrating the Amundi US business and pursuing broader growth initiatives.\n  Yet, despite these positive signals, investors should be aware that continued outflows, even amid acquisitions and buybacks, pose a challenge to...\n Read the full narrative on Victory Capital Holdings (it's free!)Victory Capital Holdings is projected to reach $1.8 billion in revenue and $735.1 million in earnings by 2028. This outlook implies a 20.4% annual revenue growth rate and an increase in earnings of $470.5 million from current earnings of $264.6 million.Uncover how Victory Capital Holdings' forecasts yield a $74.00 fair value, a 17% upside to its current price.Exploring Other PerspectivesVCTR Community Fair Values as at Nov 2025  Three community-sourced fair value estimates for Victory Capital range from US$66.01 to US$74, reflecting varied expectations among Simply Wall St Community members. While you weigh these views, keep in mind the ongoing concern around net outflows and its impact on future growth.\nExplore 3 other fair value estimates on Victory Capital Holdings - why the stock might be worth just $66.01!Build Your Own Victory Capital Holdings NarrativeDisagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.A great starting point for your Victory Capital Holdings research is our analysis highlighting 2 key rewards that could impact your investment decision.Our free Victory Capital Holdings research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Victory Capital Holdings' overall financial health at a glance.Interested In Other Possibilities?Our top stock finds are flying under the radar-for now. Get in early:AI is about to change healthcare. These 30 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.Trump's oil boom is here - pipelines are primed to profit. Discover the 22 US stocks riding the wave.Rare earth metals are the new gold rush. Find out which 35 stocks are leading the charge.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? 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