Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
Investing.com - Jefferies raised its price target on Affiliated Managers Group (NYSE:AMG) to $282.00 from $276.00 while maintaining a Buy rating following the company’s third-quarter 2025 results. The new target represents a 10% upside from AMG’s current trading price of $256.56, with the stock already trading near its 52-week high of $256.81. InvestingPro data shows the stock is potentially undervalued, with analysts maintaining a consensus Buy recommendation.
The investment firm increased its fourth-quarter 2025 earnings per share estimate from $7.16 to $8.62 and its 2026 estimate from $27.65 to $28.17.
Jefferies attributed these upward revisions to continued strong growth across AMG’s alternative investment franchise, modestly higher share repurchases, and higher exit assets under management levels.
The firm noted that AMG’s new investment opportunity pipeline remains active, which should support future growth.
Jefferies also highlighted AMG’s increased focus on product innovation and distribution as unique differentiators compared to its peers in the asset management industry.
In other recent news, Affiliated Managers Group Inc. (AMG) released its Q3 2025 earnings report, which showed the company missing analysts’ expectations on both earnings and revenue. The earnings per share (EPS) came in at $4.82, falling short of the forecasted $5.87, representing a 17.89% negative surprise. Revenue was also below expectations, reported at $516.4 million compared to the anticipated $544.64 million, marking a 5.19% shortfall. Despite these misses, the company’s stock showed resilience, supported by strategic initiatives and a positive outlook for future growth. There were no recent mergers or acquisitions reported for AMG. Additionally, there were no analyst upgrades or downgrades mentioned in the recent updates. These developments reflect the latest financial performance and market activities concerning Affiliated Managers Group Inc.
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