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Investing.com - TD Cowen raised its price target on GCM Grosvenor Inc. (NASDAQ:GCMG) to $13.00 from $12.50 while maintaining a Hold rating on the stock. The alternative asset management firm, which currently generates annual revenue of $533.1M and maintains healthy EBITDA of $107.38M, has demonstrated solid financial performance with a 15.6% revenue growth over the last twelve months.
The adjustment follows GCM Grosvenor’s investor day held in New York City on Tuesday, where the company outlined its growth acceleration plans and expanded 2028 key performance indicators. InvestingPro data shows the company maintains strong financial health with multiple analysts revising earnings upward for the upcoming period.
TD Cowen noted that the company’s new targets include an adjusted net income goal of $1.20+ per share by 2028, along with several longer-term performance guideposts.
The research firm viewed the company’s update "generally favorably," though it observed that the expanded 2028 adjusted net income guidance aligns with its recent forecast.
TD Cowen also adjusted its estimates for 2025-2026 and initiated a 2027 estimate of $1.00 per share for GCM Grosvenor.
In other recent news, GCM Grosvenor Inc. reported its second-quarter earnings for 2025. The company’s earnings per share (EPS) matched analyst forecasts at $0.16. However, the revenue figures did not meet expectations, totaling $99.9 million against the projected $117.3 million. This represents a significant revenue shortfall of 14.83%. Despite this revenue miss, the company’s stock experienced a modest pre-market increase. These developments are part of the latest updates surrounding GCM Grosvenor. Investors and analysts continue to evaluate the implications of these financial results.
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