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On Tuesday, JPMorgan analyst Enrico Bolzoni upgraded Aberdeen Group (ABDN:LN) (OTC:SLFPY) stock rating from Neutral to Overweight and increased the price target from GBP1.64 to GBP2.18. The upgrade reflects positive expectations for the company’s Adviser vector, which is anticipated to see an uptick in flows due to a new competitive pricing structure and improving customer satisfaction.
Bolzoni highlighted the strong performance of interactive investor (ii), Aberdeen’s investment platform, anticipating further acceleration in market share gains. This optimism is based on its competitive pricing and a compelling product offering. Additionally, the analyst expects stronger customer growth and growing SIPP (Self-Invested Personal Pension) penetration to boost cash balances on the platform, which could, in turn, increase treasury income and earnings per share (EPS).
The analyst’s report suggests that these positive developments are imminent and has placed Aberdeen stock on positive catalyst watch in anticipation of the company’s first-half results, due to be reported on July 30. JPMorgan’s EPS estimates for Aberdeen for fiscal years 2026 and 2027 are 2% and 9% above Bloomberg consensus, respectively. The firm also anticipates the potential for an expansion in the company’s multiple as these positive factors begin to materialize.
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