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Investing.com - Keefe, Bruyette & Woods raised its price target on Hamilton Lane Inc . (NASDAQ:HLNE) to $168.00 from $160.00 on Wednesday, while maintaining a Market Perform rating on the stock.
The price target increase follows Hamilton Lane’s fiscal first quarter results, which exceeded both KBW’s estimates and broader consensus expectations. The outperformance was primarily driven by higher fee-related performance fees due to strong evergreen fund performance. The company’s robust financial position is evidenced by liquid assets exceeding short-term obligations, with cash flows sufficiently covering interest payments.
Hamilton Lane reported robust evergreen inflows of $1.2 billion during the quarter. These products now represent approximately 17% of total fee-paying assets under management, up from about 11% in the first quarter of fiscal 2025.
Despite the positive momentum in the company’s evergreen product suite, KBW noted that the institutional fundraising environment remains challenging for Hamilton Lane.
KBW raised its financial estimates for Hamilton Lane following the results but maintained its Market Perform rating, citing limited upside potential to its updated $168 price target.
In other recent news, Hamilton Lane Inc. reported its first-quarter earnings for fiscal year 2026, significantly surpassing Wall Street expectations. The company achieved a non-GAAP earnings per share (EPS) of $1.31, exceeding the forecasted $0.96, which represents a surprise of 36.46%. Additionally, Hamilton Lane’s revenue outperformed projections, reaching $175.96 million compared to the anticipated $164.5 million. These results highlight the company’s strong financial performance in the recent quarter. Following the earnings announcement, Hamilton Lane’s stock experienced an increase, reflecting positive investor sentiment. Analyst firms have noted the company’s ability to exceed financial forecasts, contributing to a favorable outlook. These developments are part of the latest updates concerning Hamilton Lane’s financial situation.
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