Morgan Stanley Raises Voya Financial Target Price to $89.00, Maintains "Overweight" Rating

Morgan Stanley analyst Bob Huang has raised Voya Financial's (VOYA) target price from $88 to $89, a 1.14% increase, while maintaining an "Overweight" rating. The average target price from 10 analysts is $79.90, with a high estimate of $89 and a low of $64, suggesting a 9.92% upside from the current price of $72.69. The average brokerage recommendation is 2.6, indicating a "Hold" status. The estimated GF Value for VOYA in one year is $90.92, suggesting a 25.08% upside from the current price.

Title: Voya Financial (VOYA) Target Price Increased by Morgan Stanley; Analysts Remain Cautious

July 02, 2025 - Morgan Stanley analyst Bob Huang has raised Voya Financial's (VOYA) target price from $88 to $89, a 1.14% increase, while maintaining an "Overweight" rating. The average target price from 10 analysts is $79.90, with a high estimate of $89 and a low of $64, suggesting a 9.92% upside from the current price of $72.69. The average brokerage recommendation is 2.6, indicating a "Hold" status. The estimated GF Value for VOYA in one year is $90.92, suggesting a 25.08% upside from the current price.

Voya Financial, a provider of workplace benefits and savings products, has seen a mixed response from analysts following the latest earnings report. The company reported $2.15 earnings per share for the quarter, exceeding the consensus estimate of $1.59. However, revenue declined by 4.0% year-over-year, which may have contributed to the varied analyst responses.

Morgan Stanley's Bob Huang remains optimistic about Voya Financial's prospects, increasing the target price by 1.14% to $89. This move reflects a potential upside of 22.20% from the current price. However, other analysts have taken a more cautious stance. For instance, JPMorgan Chase & Co. set a target price of $89, but assigned a "neutral" rating, while Bank of America maintained an "underperform" rating with a price target of $71.00. UBS Group and Barclays also reduced their price targets, with UBS dropping from $89 to $88 and Barclays from $70 to $75.

Institutional investors have been active in Voya Financial's stock. Jones Financial Companies LLC increased its stake by 81.0% in the 4th quarter, while Quarry LP, BI Asset Management Fondsmaeglerselskab A S, and Geneos Wealth Management Inc. also added to their positions. Versant Capital Management Inc. increased its position by 666.4%, now owning 889 shares worth $60,000.

Corporate insider sentiment has been negative, with an increase in insider selling activity. Director Yvette S. Butler sold 1,700 shares in May, representing an 82.73% decrease in ownership. This trend suggests that insiders may have concerns about the company's future prospects.

Despite the mixed analyst sentiment, Voya Financial's strong earnings report and strategic positioning in the workplace benefits and savings products market may attract long-term investors. However, the stock's performance will continue to be influenced by analyst ratings, corporate insider activity, and institutional investor sentiment.

References:
[1] https://www.marketbeat.com/instant-alerts/morgan-stanley-forecasts-strong-price-appreciation-for-voya-financial-nysevoya-stock-2025-07-14/
[2] https://www.theglobeandmail.com/investing/markets/stocks/VOYA/pressreleases/33372944/voya-financial-voya-receives-a-rating-update-from-a-top-analyst/
[3] https://www.gurufocus.com/news/2965351/voya-financial-voya-updates-q2-alternative-investment-income-estimate?mod=mw_quote_news&r=4bf001661e6fdd88d0cd7a5659ff9748