RBC Capital analyst Robert Kwan maintains $Brookfield Asset Management (BAM.US)$ with a buy rating, and adjusts the target price from $55 to $68.
According to TipRanks data, the analyst has a success rate of 69.0% and a total average return of 11.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Brookfield Asset Management (BAM.US)$'s main analysts recently are as follows:
The company experienced a strong quarter, with robust fundraising activities and scaling efforts leading to an increase in margins.
Heading into 2025, Brookfield Asset Management's fundamentals are positive, with progress on fundraising initiatives across various asset classes, bolstered by a favorable environment for asset monetization. However, it is noted that the current optimism surrounding the company is already well-reflected in the stock's performance.
The firm notes that Brookfield Asset Management's stock experienced a notable intra-day peak increase of 7.7% and closed up 3%, outperforming its peers and the S&P 500. This was attributed to the company delivering a solid quarter, bolstered by robust expense management and effective fundraising efforts.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
