Morgan Stanley analyst Michael Cyprys has maintained their bullish stance on APO stock, giving a Buy rating today.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Michael Cyprys has given his Buy rating due to a combination of factors that highlight Apollo Global Management’s strong growth potential, particularly through its retirement services business, Athene. The recent business update in New York City emphasized key growth drivers and the firm’s ability to achieve a 10% annual growth in spread-related earnings (SRE) through 2029. This optimism is supported by structural dynamics such as an aging population increasing demand for retirement products, and Athene’s competitive advantages in origination scale, operating efficiency, and credit selection.
Additionally, Cyprys notes that the headwinds faced in 2024-2025 are expected to diminish, paving the way for growth reacceleration in 2026 and 2027. The firm’s robust balance sheet, low leverage, and strong management further bolster confidence in its future performance. Moreover, the potential recovery of capital markets is anticipated to enhance performance fee income, contributing to the positive outlook for Apollo Global Management’s financial trajectory.
In another report released today, Barclays also reiterated a Buy rating on the stock with a $159.00 price target.