Analyst Craig Siegenthaler of Bank of America Securities maintained a Buy rating on Ares Management, retaining the price target of $196.00.
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Craig Siegenthaler has given his Buy rating due to a combination of factors including Ares Management’s strong outlook for organic growth over the next five years, driven by its leading position in the private credit sector and its expansion opportunities in areas such as secondaries, real estate, and infrastructure. The company’s wealth management strategy is advancing rapidly, with expectations to raise $14 billion in 2025, a significant increase from the previous year, and a revised 2028 outlook for assets under management and management fees.
Additionally, Ares’s asset-backed finance strategy is differentiated by its focus on assets that perform well during economic downturns, with a lower consumer exposure compared to the broader market. The company’s real estate strategy is also well-positioned for future growth, supported by recent acquisitions and a strong ability to manage and develop assets. These strategic initiatives, combined with a favorable valuation and a price objective of $196, underpin Siegenthaler’s positive outlook on Ares Management’s stock.
In another report released today, Barclays also maintained a Buy rating on the stock with a $200.00 price target.