From Financial Modeling Prep: 2025-04-10 23:13:00

Raymond James initiates coverage on Apollo Global Management (NYSE:APO) with a Strong Buy rating and $173 price target, citing recent stock decline as an attractive opportunity for investors. Analysts foresee robust long-term growth with a targeted 15% annual EPS increase through 2029, driven by global wealth inflows and new product launches.

Apollo aims to increase global wealth flows to $20 billion annually by 2025–2026 and $30 billion by 2029, up from $12 billion in 2024. The firm’s asset-backed credit offerings are gaining traction, attracting interest from wealth clients seeking yield-generating investments.

Apollo’s retirement services segment is expected to surpass $75 billion in annual flows within the next two years. Despite legal challenges leading to a temporary pause in the pension risk transfer market, Raymond James believes Apollo is well positioned to re-enter and expand once conditions stabilize.



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