P10 price target raised to $12 from $10 at Stephens

Stephens analyst John Campbell raised the firm’s price target on P10 to $12 from $10 and keeps an Overweight rating on the shares. P10 continued its strong operational excellence with a solid Q2 print highlighted by an 8% revenue beat and a more sizable 30% profit beat, which was partially aided by higher catch up fees and a one-time carried interest benefit, the analyst tells investors in a research note. The firm remains a buyer of shares, and sees a catalyst with the September 19 Investor Day, where it thinks P10 could upwardly revise its raise/deploy target, provide compelling long-term targets and potentially have a development on the M&A front.