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 top undervalued asset management stocks to buy. On November 5, Keefe, Bruyette & Woods bumped up its price target for Apollo Global Management (NYSE:APO) from $162 to $173, keeping its Outperform rating. The move came after Apollo’s latest earnings report, which showed adjusted net income per share beating expectations by $0.26.

KBW credited the strong results to better-than-expected fee-related and strategic revenue earnings, along with a lower tax rate. Analyst Kyle Voigt said the firm is revising its ANI estimates upward, citing improved projections and management’s updated outlook.

Apollo Global Management Inc. posted third-quarter earnings of $2.17 per share on November 4, beating analyst estimates by $0.26 and marking a 17% year-over-year increase. Adjusted net income reached $1.4 billion, driven by record fee-related and spread-related earnings totaling $1.5 billion. Despite this, revenue came in at $1.15 billion, well below the $4.92 billion forecast, but investors remained focused on the company’s earnings strength. Assets under management rose to $908 billion, supported by $82 billion in quarterly inflows.

Looking ahead, Apollo expects over 20% growth in fee-related earnings and 10% in spread-related earnings for 2026.

Apollo CEO Mark Rowan underscored the central role of origination in the firm’s operations, calling it the core driver of their business. He also pointed to the rising acceptance and demand for private assets, framing them as an increasingly vital part of the investment landscape. His remarks signal Apollo’s continued focus on expanding its reach in private markets and reaffirm its long-term strategy.

Apollo Global Management Inc. (NYSE:APO) is a global asset manager that offers a range of investment solutions, including private and public equity, credit, and tangible assets. It also offers retirement services through its subsidiary, Athene, which provides retirement savings products and capital solutions to businesses for growth.

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Disclosure: None. This article is originally published at Insider Monkey.