SS&C price target raised to $76 from $66 at DA Davidson

DA Davidson raised the firm’s price target on SS&C to $76 from $66 and keeps a Buy rating on the shares ahead of its Q4 results. The company should meet or modestly exceed the firm’s estimates and likely bracket FY24 expectations with its initial guidance, the analyst tells investors in a research note. DA Davidson adds that its higher price target on SS&C shares is driven by valuation framework moving to its 2025 forecasts.