Jefferies analyst Suneet Kamath has maintained their bullish stance on EQH stock, giving a Buy rating yesterday.
Suneet Kamath has given his Buy rating due to a combination of factors that highlight Equitable Holdings’ strong position in the US Retirement market. The company’s focus on US Retirement is timely, as the market is experiencing favorable conditions driven by demographic trends and a significant retirement savings gap projected to reach $137 trillion by 2050. Equitable Holdings is well-positioned within this market, holding a leading position in key annuity products such as RILA and Traditional VA, which are less susceptible to price competition.
Furthermore, Equitable Holdings’ integrated model, which spans product manufacturing, asset management, and advisory services, provides a competitive advantage that supports its growth strategy. The company’s strategic partnerships with major target date managers like BlackRock and JPMorgan further enhance its market reach. As Equitable Holdings continues to focus on expanding its in-plan annuities and advisor productivity, it is expected to meet or exceed its targets for the 2023-2027 planning period, making it a compelling investment opportunity.
According to TipRanks, Kamath is a 5-star analyst with an average return of 12.5% and a 70.21% success rate. Kamath covers the Financial sector, focusing on stocks such as Equitable Holdings, Prudential Financial, and Unum Group.
In another report released yesterday, Evercore ISI also reiterated a Buy rating on the stock with a $69.00 price target.