BMO Capital Lowers Apollo Global Management (APO) Price Target to $116

Apollo Global Management, Inc. (NYSE:APO) is one of the 11 Best Stocks You’ll Wish You Bought Sooner.

On March 24, 2026, BMO Capital cut its price target on Apollo Global Management, Inc. (NYSE:APO) from $135 to $116. The firm’s analyst Etienne Ricard kept a Market Perform rating on the stock.  The price target adjustment was part of a broader research note on Alternative Asset Manager names. Etienne cited rising BDC redemptions, credit instability in Asset-Based Finance markets, and AI-driven performance disruption as the key concerns. Furthermore, widening credit spreads and fraud allegations have intensified scrutiny over underwriting and downside protection. It was also noted that the market volatility is creating significant uncertainty regarding asset realizations.

In another development, on March 25, 2026, Apollo Global Management, Inc. (NYSE:APO) announced that it has priced a $750 million offering of 5.700% senior notes due 2036. The Offering is expected to close on March 30, 2026, and generate approximately $745 million. Apollo Global Management, Inc. (NYSE:APO) intends to utilize these funds for various corporate purposes, including the retirement of $500 million in outstanding 4.400% senior notes maturing later this year.

Founded in 1990, Apollo Global Management, Inc. (NYSE:APO), is a global alternative asset manager. The New York-based company specializes in investments in credit, private equity, infrastructure, secondaries, and real estate markets.

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