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Investing.com - Keefe, Bruyette & Woods raised its price target on Apollo Global Management (NYSE:APO) to $173.00 from $162.00 on Wednesday, while maintaining an Outperform rating on the stock.
The price target increase follows Apollo’s earnings report, which showed ANI per share exceeding both KBW’s estimates and consensus by $0.26, according to the research firm.
KBW attributed the earnings beat to higher fee-related earnings (FRE), which came in at $652 million versus estimates of $636 million, as well as higher strategic revenue earnings (SRE) and a lower tax rate.
The outperformance was driven by higher capital solutions fees, management fees, and fee-related performance revenue (FRPR), with inflows also exceeding consensus expectations.
KBW analyst Kyle Voigt noted the firm is raising its ANI estimates to reflect higher FRE and SRE projections based on management’s updated commentary.
In other recent news, Apollo Global Management reported its third-quarter 2025 earnings, revealing a notable earnings per share (EPS) beat. The company posted an EPS of $2.17, surpassing the anticipated $1.91, which marks a 13.61% surprise. However, revenue figures did not meet expectations, with Apollo recording $1.15 billion compared to the forecasted $4.92 billion, resulting in a significant shortfall of 76.63%. Despite the revenue miss, the market reacted positively. These developments are part of the recent updates for Apollo Global Management.
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