Apollo Global Management Inc.(APO) Earns Price Target Boost After Strong Q3 and Upbeat Outlook

Apollo Global Management Inc. (NYSE:APO) is one of the apical undervalued plus absorption stocks to buy. On November 5, Keefe, Bruyette & Woods bumped up its terms people for Apollo Global Management (NYSE:APO) from $162 to $173, keeping its Outperform rating. The determination came aft Apollo’s latest net report, which showed adjusted nett income per stock beating expectations by $0.26.

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KBW credited the beardown results to better-than-expected fee-related and strategical gross earnings, on with a little taxation rate. Analyst Kyle Voigt said the steadfast is revising its ANI estimates upward, citing improved projections and management’s updated outlook.

Apollo Global Management Inc. posted third-quarter net of $2.17 per stock connected November 4, beating expert estimates by $0.26 and marking a 17% year-over-year increase. Adjusted nett income reached $1.4 billion, driven by grounds fee-related and spread-related net totaling $1.5 billion. Despite this, gross came successful astatine $1.15 billion, good beneath the $4.92 cardinal forecast, but investors remained focused connected the company’s net strength. Assets nether absorption roseate to $908 billion, supported by $82 cardinal successful quarterly inflows.

Looking ahead, Apollo expects implicit 20% maturation successful fee-related net and 10% successful spread-related net for 2026.

Apollo CEO Mark Rowan underscored the cardinal relation of origination successful the firm’s operations, calling it the halfway operator of their business. He besides pointed to the rising acceptance and request for backstage assets, framing them arsenic an progressively captious portion of the concern landscape. His remarks awesome Apollo’s continued absorption connected expanding its scope successful backstage markets and reaffirm its semipermanent strategy.

Apollo Global Management Inc. (NYSE:APO) is simply a planetary plus manager that offers a scope of concern solutions, including backstage and nationalist equity, credit, and tangible assets. It besides offers status services done its subsidiary, Athene, which provides status savings products and superior solutions to businesses for growth.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.