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TD Cowen Initiates Coverage of Voya Financial (VOYA) with a Buy Rating

Voya Financial, Inc. (NYSE:VOYA) is one of the 8 Best Holding Company Stocks to Invest In Now.

On April 19, 2026, TD Cowen analyst Andrew Kligerman initiated coverage of Voya Financial, Inc. (NYSE:VOYA) with a Buy rating and a $100 price target. Andrew Kligerman said the stock’s valuation “looks disconnected” from the company’s fundamentals, pointing to earnings growth and “strong” free cash flow-funded buybacks supporting about 14% annual earnings growth. TD Cowen added that stop-loss volatility has weighed on sentiment, calling it a “repricing cycle – not structural impairment.”

On April 14, 2026, Voya Financial announced a collaboration with TELUS Health to integrate Employee Assistance Program services alongside its Group Annual Term Life Insurance offering, providing access to mental and emotional well-being support through digital and human-centered services.

Earlier in April, the company estimated combined alternative investment income for Q1 2026 at approximately $35M to $45M before variable and incentive compensation, with the midpoint implying an annualized return of about 7.5%. This includes income from its general account and investment capital returns within its Investment Management segment.

Voya Financial, Inc. (NYSE:VOYA) provides workplace benefits, savings solutions, and related technologies across Retirement, Investment Management, and Employee Benefits segments.

While we acknowledge the risk and potential of VOYA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VOYA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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