Apollo Global Management, Inc. (NYSE:APO) is an affordable blue-chip stock to buy. On November 20, Morgan Stanley upgraded Apollo Global Management, Inc. (NYSE:APO) to an Overweight from Equalweight. The investment bank also hiked the price target to $180 from $151 amid expectations of growth acceleration in 2026 and 2027.
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Morgan Stanley expects the asset management firm to achieve fee-related earnings growth of over 20%, which should support a rally in the stock. The investment firm also expects the company to deliver spread-related earnings growth. Earnings per share are expected to grow by 7% in 2025, 18% in 2026, and 20% in 2027.
Meanwhile, on November 14, Piper Sandler’s John Barnidge reiterated that Apollo Global is a Buy. Benjamin Budish from Barclays also maintains a buy rating on the stock with a $158 price target. Goldman Sachs has also raised its price target of the stock to $155, citing a strong fundraising outlook and expanding capital markets revenues.
Apollo Global Management, Inc. is a global alternative asset manager that provides capital solutions for businesses and investment and retirement solutions for clients. The firm focuses on three main strategies: equity, hybrid, and yield, and has expertise in areas like credit, private equity, and real assets.
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This article is originally published at Insider Monkey.
