SS&C price target raised to $78 from $70 at Credit Suisse

Credit Suisse analyst Kevin McVeigh raised the firm’s price target on SS&C to $78 from $70 and keeps an Outperform rating on the shares. The firm believes the stock should build on recent gains as revenue beat and much better-than-expected 2023 revenue guide of 3%-7%, or 2%-6% organically reinforces Credit Suisse’s view that SS&C is poised for 4%-7% organic year-over-year growth up from 5%.