tiprankstipranks
Trending News
More News >

Buy Rating for abrdn: Unlocking Growth Potential Through Interactive Investor Platform

Buy Rating for abrdn: Unlocking Growth Potential Through Interactive Investor Platform

In a report released today, Oliver Carruthers from Goldman Sachs upgraded abrdn (ABDNResearch Report) to a Buy, with a price target of p205.00.

Confident Investing Starts Here:

Oliver Carruthers has given his Buy rating due to a combination of factors that highlight the potential for abrdn’s growth, particularly through its Interactive Investor (ii) platform. Despite the challenges faced by abrdn’s asset management segment, which has seen declining profitability and high-margin outflows, Carruthers believes that the market has not fully appreciated the value and growth prospects of the ii business.
The ii platform is experiencing accelerated growth and now accounts for nearly half of abrdn’s operating profit. Carruthers expects this segment to continue its upward trajectory, driven by increased trading activity, strong customer growth, and a strategic focus on profitability. With these positive trends and the current valuation of abrdn’s stock being relatively low, Carruthers sees an attractive opportunity for investors, prompting the upgrade to a Buy rating.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue