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Investing.com - TD Cowen has reiterated its Buy rating and $205.00 price target on Ares Management, L.P. (NYSE:ARES), currently trading at $165.36, following a comprehensive sell-side teach-in held on September 25. According to InvestingPro data, analyst targets range from $160 to $215, with a consensus recommendation leaning towards Buy.
The investment firm hosted the session after its May 2024 investor day, providing updates across five key growth areas including Wealth Management, Secondaries, Real Estate, Digital Infrastructure, and ABF.
During the teach-in, Ares Management raised its 2028 estimates for assets under management and fees, while also introducing new digital infrastructure fee-related earnings targets following the GCP deal announced on October 8.
TD Cowen noted that Ares Management is "increasingly firing on all cylinders" and suggested the company is positioned to capture "outsized share gains" in what it describes as "massive addressable markets."
The research firm highlighted that the discussion covered approximately $200 trillion in combined addressable market, with Ares Management accounting for less than 0.5% of that market as of June 30.
In other recent news, Ares Management Corporation reported its second-quarter 2025 earnings, showcasing a mixed financial performance. The company achieved a revenue of $1.35 billion, notably exceeding the anticipated $1.04 billion, which represents a 29.81% surprise. However, its earnings per share came in at $1.03, falling short of the projected $1.09. Meanwhile, CFRA raised its price target for Ares Management to $215 from $205, maintaining a Buy rating, citing the company’s higher growth rate compared to its peers. In leadership developments, Ares Management appointed Anup Agarwal as Partner and Chief Investment Officer of Ares Insurance Solutions, where he will lead investment activities for Aspida Holdings Ltd. Additionally, Ares Management launched the Ares Core Infrastructure Fund in Australia, aimed at providing retail investors access to private infrastructure investments. These recent developments reflect Ares Management’s strategic growth initiatives and ongoing market activities.
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