UPDATE: Citi Raises PT on Waddell & Reed Financial to $47 (WDR)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Citi is out with its report today on Waddell & Reed Financial (NYSE: WDR), raising its price target from $44 to $47.In a note to clients, Citi writes, "Affirm Buy & raise our 2012-13 EPS estimates following CIRA-sponsored investor meetings with senior management in NY on 2/15-16. 2011 unchanged at $2.38 though we increase 2012-13 $0.05 and $0.12 to $2.89 and $3.44, respectively, to reflect both higher equities volumes + slightly higher margins, the latter still offering upside, we believe. Revised target reflects higher EPS view and ~16x target P/E against 2012 vs. 15.5x prior and 17x LT."Shares of WDR closed Thursday at $41.91, down 0.07% from Wednesday's close.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!