In a report released today, Cherilyn Radbourne from TD Cowen reiterated a Buy rating on Brookfield Asset Management Ltd. Class A, with a price target of $75.00.
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Cherilyn Radbourne’s rating is based on several compelling factors that make Brookfield Asset Management Ltd. Class A an attractive investment. Firstly, the company has demonstrated strong organic growth, which is a positive indicator of its ability to expand its operations and increase profitability without relying heavily on acquisitions or external financing.
Additionally, the successful final close on BGTF II highlights the firm’s capability in managing large-scale funds, which can lead to increased revenue streams. Furthermore, the company’s involvement in AI infrastructure positions it well to capitalize on emerging technological trends, potentially leading to future growth opportunities. These elements combined provide a solid foundation for the Buy rating assigned by Radbourne.
In another report released on October 21, RBC Capital also maintained a Buy rating on the stock with a $76.00 price target.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BAM in relation to earlier this year.