Invesco stock price target raised to $30 from $29 at TD Cowen on positive outlook

Investing.com - TD Cowen has raised its price target on Invesco (NYSE:IVZ) to $30.00 from $29.00 while maintaining a Buy rating on the stock. The new target represents significant upside potential for Invesco, which currently trades near its 52-week high of $22.78 and has demonstrated strong momentum with a 48% return over the past six months. According to InvestingPro data, analyst targets currently range from $17 to $29.

The price target increase follows investor meetings at Invesco’s Atlanta headquarters on September 16 with senior management, which TD Cowen sponsored.

TD Cowen noted that while it expects the next few quarters to be "noisy" for Invesco, the firm believes the long-term direction is favorable for several key metrics.

The research firm specifically cited positive outlooks for long-term net new asset annual organic growth rate, base revenue growth, margins, and balance sheet flexibility as factors supporting its decision.

TD Cowen also affirmed its Buy rating and stated it maintains an "increasingly above consensus" view on Invesco’s adjusted earnings per share for 2025-2026.

In other recent news, Carlyle has announced an agreement to acquire intelliflo from Invesco. This acquisition involves intelliflo, a provider of cloud-based practice management software for financial advisors in the UK. Meanwhile, Invesco’s July assets under management figures exceeded expectations, with TD Cowen reiterating a Buy rating and maintaining a $29 price target. BofA Securities raised its price target for Invesco to $23, citing the potential impact of the upcoming QQQ fund reclassification as a catalyst for earnings growth. Additionally, Jefferies increased its price target for Invesco to $21, revising its earnings per share estimates for 2025 and 2026. Invesco has also expanded its active fixed income lineup by launching two new ETFs, the Invesco Core Fixed Income ETF and the Invesco Intermediate Municipal ETF. These developments reflect a broad range of strategic moves and analyst reactions surrounding Invesco.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.