Key Takeaways
- • RBC Capital maintained its Outperform rating on Ares Management and raised its price target to $171 from $168, a 1.8% increase.
- • The $171 target implies 34.1% upside from the October 29 close of $127.47.
- • Across the five most recent analyst notes over the past 30 days, Ares price targets ranged from $130 to $151.
- • Barclays maintained Overweight with a $151 target on October 30, while Keefe, Bruyette & Woods and BMO Capital held Market Perform ratings at $130.
Summary
RBC Capital maintained its Outperform rating on Ares Management and raised its price target to $171 from $168, according to a TradingView report citing Benzinga data. The increase is 1.8%. Measured against the October 29 closing price of $127.47, the new target implies upside of 34.1%.
The note sits within a cluster of recent analyst actions on the alternative asset manager. Keefe, Bruyette & Woods maintained a Market Perform rating with a $130 target on October 30. Barclays maintained an Overweight rating with a $151 target on the same day. BMO Capital held a Market Perform rating with a $130 target on October 27. Piper Sandler maintained an Overweight rating with a $143 target on October 19, and UBS held a Neutral rating with a $134 target on October 13.
Across these five most recent notes over the past 30 days, price targets ranged from $130 to $151. RBC's $171 target sits above the range of that group, though the report does not provide the rationale behind the revision.
The note sits within a cluster of recent analyst actions on the alternative asset manager. Keefe, Bruyette & Woods maintained a Market Perform rating with a $130 target on October 30. Barclays maintained an Overweight rating with a $151 target on the same day. BMO Capital held a Market Perform rating with a $130 target on October 27. Piper Sandler maintained an Overweight rating with a $143 target on October 19, and UBS held a Neutral rating with a $134 target on October 13.
Across these five most recent notes over the past 30 days, price targets ranged from $130 to $151. RBC's $171 target sits above the range of that group, though the report does not provide the rationale behind the revision.
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