U.S. Financial Stock With a 48% Surge Post-Liberation Day Crash: Wells Fargo Lifting Price Target, According to a Report

Wells Fargo Boosts Outlook on Ares Management Corporation

Wells Fargo analyst Michael Brown has upgraded his outlook on Ares Management Corporation (ARES), a global alternative investment manager with assets totaling $52 billion. Brown has raised Ares's price target to $189, while maintaining an overweight rating.

Brown's bullish stance is backed by several factors. Firstly, Ares reported a substantial increase in earnings for the first quarter of the year, amounting to $1.04 billion, marking a growth of 38.21%.

Secondly, Ares demonstrated exceptional fundraising capabilities, securing over $20 billion in gross new capital commitments in the first quarter, setting a record for the firm's highest Q1 fundraising ever.

The resilience of Ares' business model also contributes to its optimistic outlook. The company's heavy emphasis on management fees and long-dated, locked-up third-party capital reduces the need to sell assets during market uncertainty. Moreover, its low balance sheet leverage ensures it can avoid excessive risk.

Significantly, over 72% of Ares' assets under management are invested in credit-related products, making the firm less susceptible to market volatility caused by US President Donald Trump's tariffs and other geopolitical events. This diversification ensures Ares can maintain its market position even amidst uncertainty.

While Ares saw a dip to around $110 on April 4th, it has since surged approximately 48% in subsequent weeks. The company's shares are currently trading for $164.60, representing a 2% increase in the last 24 hours.

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U.S. Financial Stock With a 48% Surge Post-Liberation Day Crash: Wells Fargo Lifting Price Target, According to a Report