Analyst Alexander Blostein of Goldman Sachs maintained a Buy rating on Brookfield Corporation, with a price target of $52.00.
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Alexander Blostein has given his Buy rating due to a combination of factors that suggest potential upside for Brookfield Corporation. Despite recent underperformance in the insurance sector and a decline in net accrued carry, Blostein highlights several positive aspects that the market may be overlooking. The strong earnings outlook from Brookfield Asset Management (BAM) is expected to support Brookfield Corporation’s performance into 2026, driven by robust fundraising and additional transaction revenues.
Moreover, Blostein points out the improving fundamentals in the real estate sector, which is a significant component of Brookfield’s valuation. The anticipated acceleration of net realized income in the coming years is also expected to enhance share repurchases, further boosting the stock’s valuation. Additionally, the strategic acquisition of Just Group is seen as a beneficial move to expand Brookfield’s presence in the UK pension risk transfer market. These factors contribute to Blostein’s positive outlook on Brookfield Corporation’s stock.
In another report released on November 17, J.P. Morgan also maintained a Buy rating on the stock with a $56.00 price target.