Breaking News: P10 Inc (NYSE:) Shares Outlook Positive After Investor Day Review
Stephens reaffirms Overweight rating and $12.00 price target for P10 Inc (NYSE:) following successful Investor Day. P10 Inc showcases impressive growth since IPO and ambitious targets for 2029.
Key highlights:
- Compound annual growth rate (CAGR) of over 25% in EBITDA since IPO
- Targets to double fee-paying assets under management (FPAUM) by 2029
- EBITDA margin goal in mid-50% range
Stephens praises P10's unique market position and strong financial profile. Stock seen as attractive opportunity with potential for steady earnings growth and strategic mergers/acquisitions.
Recent acquisition of Qualitas Equity Funds SGEIC, S.A. expected to enhance European presence and global client base.
Q2 2024 results show revenue growth and increase in fee-paying assets under management. UBS downgrades stock from Buy to Neutral, citing near-term earnings concerns.
Analysis:
- P10 Inc shows strong growth potential and strategic expansion plans
- Stock valuation attractive compared to peers
- Near-term earnings concerns highlighted by UBS downgrade
In conclusion, investors should monitor P10 Inc closely for potential buying opportunities and assess long-term growth prospects. Keep an eye on earnings reports and strategic developments to make informed investment decisions.