Demystifying Ameriprise Finl: Insights From 8 Analyst Reviews
Portfolio Pulse from Benzinga Insights
In the past three months, 8 analysts have reviewed Ameriprise Financial (NYSE:AMP), showing a mix of bullish to indifferent ratings. The average 12-month price target for AMP has increased to $428.38 from $403.43, indicating a positive outlook. Analysts from firms like Keefe, Bruyette & Woods, Morgan Stanley, and Goldman Sachs have raised their price targets, reflecting optimism about AMP's performance. Ameriprise Financial, with $1.4 trillion in assets under management and a focus on asset and wealth management, has shown solid revenue growth and strong ROE, despite challenges in net margin and ROA.
March 21, 2024 | 12:02 pm
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POSITIVE IMPACT
Ameriprise Financial has received a mix of bullish to indifferent ratings from 8 analysts, with an increased average price target of $428.38. The company's strong revenue growth and ROE, alongside its significant presence in asset and wealth management, contribute to a positive outlook.
The increase in the average price target to $428.38 from $403.43, along with positive ratings adjustments from analysts, suggests a bullish outlook for AMP in the short term. The company's solid revenue growth rate of 8.98% and strong ROE of 8.81%, despite challenges in net margin and ROA, indicate a robust financial performance and operational efficiency. These factors, combined with Ameriprise's significant market capitalization and strategic focus on asset and wealth management, contribute to the positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100