Scotiabank analyst Mario Saric maintains $Brookfield Asset Management (BAM.US)$ with a buy rating, and adjusts the target price from $55.5 to $59.5.
According to TipRanks data, the analyst has a success rate of 70.5% and a total average return of 14.2% 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:
Brookfield Asset Management's Q3 results were notable for robust fundraising and scaling activities, which contributed to margin growth, according to an analyst.
The business is anticipated to experience several positive influences that are expected to intensify in the upcoming periods. This outlook is based on an enhancing transaction climate conducive to both the realization of assets and the allocation of capital, a possible quickening in the pace of capital raising, and the prospects for valuation multiple growth as a consequence of endeavors targeting wider index inclusion.
Following the Q3 results, it was noted that Brookfield Asset Management's fundamentals are deemed constructive as the company advances on fundraising initiatives across different asset classes, bolstered by a favorable environment for asset monetization. Nevertheless, it is observed that the current optimism may already be well-incorporated into the stock's performance.
Note:
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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.
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