What 7 Analyst Ratings Have To Say About Ameriprise Finl
Portfolio Pulse from Benzinga Insights
Ameriprise Financial (NYSE:AMP) received mixed analyst ratings in the latest quarter, with 7 analysts offering views ranging from bullish to indifferent. The average 12-month price target is $410.00, with a high of $452.00 and a low of $365.00, reflecting an 8.18% increase from the previous average of $379.00. Analysts from firms including RBC Capital, UBS, Evercore ISI Group, Goldman Sachs, and Morgan Stanley have raised their price targets, indicating a positive outlook on the company's performance. Ameriprise Financial, with $1.3 trillion in assets under management, has a strong presence in asset and wealth management, with 80% of revenue from these segments and a focus on the U.S. market.
January 22, 2024 | 6:01 pm
News sentiment analysis
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POSITIVE IMPACT
Ameriprise Financial has received mixed analyst ratings with an upward trend in price targets, indicating a positive sentiment among analysts. The company's strong position in asset and wealth management and significant U.S. market presence may contribute to a favorable short-term impact on its stock price.
The increase in average price targets by analysts from reputable firms suggests confidence in Ameriprise Financial's performance and market position. The positive revisions, along with the company's significant revenue from asset and wealth management, are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100