Voya Financial (VOYA) Stock Forecast & Price Target

Voya Financial is poised for growth, particularly in its Wealth Solutions segment, which is projected to see a modest increase in pretax earnings by approximately 1% in 2026. The company's focus on strategic initiatives and improved margins in Investment Management and Employee Benefits suggests a favorable environment for double-digit asset management growth in the near future. Additionally, management's confidence in executing integration and investment strategies, alongside expected expense savings and positive dynamics in the capital generation, reinforces a positive long-term outlook for Voya Financial.

Voya Financial's stock outlook is negatively impacted by several key financial metrics, including a reported decline of 1.3% in fixed income returns during the quarter, which signals potential challenges in generating sustainable operating earnings per share (EPS). Additionally, the Wealth Solutions segment's integration of One America has not met expectations, further complicating revenue stability as this segment constitutes approximately half of the company's overall revenue. The company's exposure to competitive pressures, regulatory uncertainties, and macroeconomic factors poses a significant risk to its asset flows and overall demand for its products and services, raising concerns about future financial performance.