VIRT - Analyst Highlights Virtu Financial As A Bargain: 15%-20% Less Costly Than Major Banks and Insurers With 18% Investment Return | Benzinga
BofA Securities analyst Craig Siegenthaler initiated coverage on Virtu Financial, Inc. (NASDAQ: VIRT) with a Buy rating and a price objective of $20, which implies a potential total return of 18%.
According to the analyst, the current entry point is attractive given the recent negative news, cyclical trough trading backdrop, lack of long-only ownership, and a depressed valuation at 5-6x 2025E EBITDA.
This is because the stock is available at 15% - 20% cheaper than other capital-intensive financials such as banks & insurers.
The analyst noted that VIRT is facing challenges from the SEC: ...