Apollo Global Management, Inc. (APO) Upgraded at Morgan Stanley on Growth Acceleration Prospects

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.

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. (NYSE:APO) 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.

While we acknowledge the potential of APO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Affordable Blue Chip Stocks to Buy and 10 Must-Buy Non-Tech Stocks to Invest In.

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