Piper Sandler Starts Brookfield Asset Management (BAM) at Neutral, Citing Valuation and S&P Potential

Brookfield Asset Management Ltd. (NYSE:BAM) ranks among the 20 best fast growth stocks to invest in. With a $60 price target and a Neutral rating, Piper Sandler began coverage of Brookfield Asset Management Ltd. (NYSE:BAM) on June 30. The price target is roughly thirty times the firm’s projected 2026 earnings for the company.

Given that Brookfield Asset Management Ltd. (NYSE:BAM) is now trading at about 27.5x, which is toward the higher end of the alternative asset management range, Piper Sandler pointed out that the Neutral rating is essentially a valuation call.

Piper Sandler Starts Brookfield Asset Management (BAM) at Neutral, Citing Valuation and S&P Potential

The firm believes that this value “appropriately reflects a best-in-class return profile” and recognizes that BAM’s recent simplification of its organizational structure makes it a potential catalyst for inclusion in the S&P 500.

According to Piper Sandler, Brookfield Asset Management Ltd. (NYSE:BAM) has three primary advantages: its ability to raise funds, its position in rapidly expanding industries with long-term tailwinds, and its ability to execute transactions at the forefront of the industry thanks to operational capabilities that have produced alluring returns.

Brookfield Asset Management Ltd. (NYSE:BAM) is a prominent asset manager in the fields of infrastructure, private equity, credit, renewable energy and transition, and real estate.

While we acknowledge the potential of BAM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BAM and that has 100x upside potential, check out our report about this cheapest AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.