Affiliated Managers price target raised to $405 from $367 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Affiliated Managers (AMG) to $405 from $367 and keeps a Buy rating on the shares. Affiliated Managers delivered strong organic growth momentum in Q1, supported by private markets fundraising strength, liquid alternatives growth, moderating equity outflows, and disciplined capital return via buybacks, leading to expectations for continued EBITDA expansion and potentially 40% EPS growth in 2026 despite some concentration risk in AQR exposure, the analyst tells investors in a research note.