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.

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.

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