Goldman Sachs analyst Alexander Blostein upgraded the rating on Hamilton Lane to a Buy yesterday, setting a price target of $165.00.
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Alexander Blostein has given his Buy rating due to a combination of factors that highlight Hamilton Lane’s strong position in the alternative asset management sector. The company is a leading player in the Wealth/Evergreen channel, which is one of the fastest-growing segments in the industry. With approximately $14 billion of net asset value and a significant portion of its fee-related revenues coming from this channel, Hamilton Lane is well-positioned to capitalize on this growth.
Additionally, recent product expansions and strategic partnerships, such as the Guardian relationship, are expected to enhance the company’s growth prospects. The increasing institutional demand for Evergreen vehicles is anticipated to contribute to a more stable growth in fee-related earnings and earnings per share. These factors collectively support a positive outlook for Hamilton Lane, justifying the Buy rating with a price target that suggests over 30% upside potential.
Blostein covers the Financial sector, focusing on stocks such as Affiliated Managers, Bank of New York Mellon, and LPL Financial. According to TipRanks, Blostein has an average return of 19.1% and a 72.67% success rate on recommended stocks.
In another report released yesterday, KBW also maintained a Buy rating on the stock with a $158.00 price target.