Ares Management: Strong Market Position and Growth Potential Drive Buy Rating

In a report released yesterday, Michael Brown from Wells Fargo reiterated a Buy rating on Ares Management (ARES – Research Report), with a price target of $182.00.

Michael Brown has given his Buy rating due to a combination of factors that highlight Ares Management’s strong market position and growth potential. The company has demonstrated robust performance, particularly in its first-quarter earnings, where it exceeded expectations with significant deployment figures. This performance underscores Ares Management’s strategic advantage in navigating market dislocations, especially in asset classes like credit and secondaries.
Furthermore, Ares Management’s recent strategic moves, such as the GCP deal and its focus on diversification and growth, have begun to yield positive results. The firm is also well-positioned to benefit from potential inclusion in the S&P 500, which could further enhance its market standing. Despite some headwinds, Ares Management’s continued momentum in the wealth channel and its ability to raise substantial equity commitments reflect its resilience and adaptability in a volatile market environment.

Brown covers the Financial sector, focusing on stocks such as KKR & Co, Invesco, and LPL Financial. According to TipRanks, Brown has an average return of 11.5% and a 61.33% success rate on recommended stocks.

In another report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a $166.00 price target.