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Investing.com - Goldman Sachs has raised its price target on Apollo Global Management (NYSE:APO) to $155.00 from $151.00 while maintaining a Buy rating. The new target represents a 16% upside from the current price of $133.65, though still below the highest analyst target of $177. According to InvestingPro data, Apollo’s stock has shown significant volatility with a 5-year beta of 1.61.
The firm revised its earnings per share estimates approximately 4% higher on average for 2026/2027, citing robust fundraising outlook supporting solid management fee growth and an expanding origination pipeline boosting capital markets revenues. This outlook comes despite InvestingPro data showing 13 analysts have revised their earnings downwards for the upcoming period.
Goldman Sachs noted that Apollo management collectively pointed to greater than 20% fee-related earnings (FRE) growth in 2026 and provided a better-than-expected update for 2026 spread-related earnings (SRE).
Apollo’s updated guidance for SRE includes $880 million in the fourth quarter of 2025, bringing the full-year total to $3,475 million, with the company reaffirming 10% growth in 2026 and maintaining 10% average annual SRE growth through 2029.
Goldman Sachs remains bullish on Apollo’s FRE growth trajectory, highlighting the company’s unique origination capabilities, leading footprint in asset-backed finance, and under-appreciated retail/wealth platform, with the new $155 price target implying 16.5X Q5-Q8 price-to-earnings ratio.
In other recent news, Apollo Global Management reported its third-quarter 2025 earnings, revealing a notable performance in earnings per share (EPS). The company posted an EPS of $2.17, exceeding the forecasted $1.91 and marking a 13.61% surprise. However, Apollo’s revenue came in at $1.15 billion, significantly below the anticipated $4.92 billion, missing expectations by 76.63%. Despite the revenue shortfall, the market responded positively to the earnings report. Following this, Keefe, Bruyette & Woods adjusted its price target for Apollo Global Management, raising it from $162.00 to $173.00. The firm maintained its Outperform rating on the stock, citing the earnings report as a key factor. These recent developments highlight the mixed financial results for Apollo, with strong EPS performance but a notable revenue miss.
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