Voya Financial's 54% Earnings Surge Drives Price Target to $87
RBC Capital increased Voya Financial’s target price by 2.4% to $87 after Q4 2025 adjusted operating earnings surged 54% YoY and adjusted operating EPS climbed 39% YoY. Voya’s investment AUM grew 5% organically and defined contribution assets jumped 32.6%, pushing total AUM above $1 trillion and generating excess cash.
1. Price Target Increase
RBC Capital raised Voya Financial’s target price by 2.4% to $87 and maintained an Outperform rating after strong Q4 results.
2. Strong Q4 Financial Results
In Q4 2025, Voya reported a 54% year-over-year increase in adjusted operating earnings and a 39% rise in adjusted operating EPS, underpinned by robust organic growth in investment management and retirement segments.
3. AUM Growth and Capital Generation
Voya grew its investment assets under management by 5% organically and saw defined contribution assets jump 32.6% following the OneAmerica acquisition, pushing total AUM above $1 trillion and generating significant excess cash.