Morgan Stanley Maintains Bullish Stance on Apollo Global Management (APO) Stock

Apollo Global Management, Inc. (NYSE:APO) is one of the Most Undervalued Stocks to Buy Right Now. On November 24, Morgan Stanley analyst Michael Cyprys maintained a bullish stance on the company’s stock, giving a “Buy” rating. The analyst’s rating is backed by a combination of factors demonstrating the company’s healthy growth potential, mainly via its retirement services business, Athene. Furthermore, the analyst highlighted that the headwinds witnessed in 2024-2025 are anticipated to diminish, making the way for growth reacceleration in 2026 and 2027.

The recent business update in New York City focused on critical growth drivers and Apollo Global Management, Inc. (NYSE:APO)’s capability to witness 10% annual growth in spread-related earnings (SRE) through 2029. This optimism is helped by structural dynamics, including an aging population improving the demand for retirement products, and Athene’s competitive advantages revolving around origination scale, operating efficiency, and credit selection, added Cyprys.

Apollo Global Management, Inc. (NYSE:APO), in its 2025 retirement services business update, highlighted that it expects to produce ~$880 million of spread-related earnings in Q4 2025. With respect to the capital generation, Apollo Global Management, Inc. (NYSE:APO) noted that Athene happens to be a powerful capital generator, with $9 billion of deployable capacity.

This includes $3 billion of excess equity, $3 billion in undrawn ADIP capital via the sidecars, and ~$3 billion of untapped leverage.

Apollo Global Management, Inc. (NYSE:APO) is a private equity firm that specializes in investments in credit, private equity, infrastructure, secondaries and real estate markets.

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