Analysts Revise Ares Management Corporation’s (ARES) Earnings Estimates Upward

• StockStory Top Pick ARES +5.20%
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Ares Management Corporation (NYSE:ARES) is one of the 10 best financial stocks to buy for the long term. On January 27, Morgan Stanley increased its price target on Ares Management Corporation (NYSE:ARES) from $175 to $178 while maintaining a Hold rating. The firm’s adjusted price target implies a further 42.4% upside from the current levels. This upside is consistent with the median Wall Street analysts’ upside of 41.38% according to 19 analysts covering the stock.

The firm said that the increased deal activity is anticipated to provide meaningful support for alternative asset managers throughout the fourth quarter and into 2026. As part of its fourth-quarter earnings preview, Morgan Stanley analyst Michael Cyprys adjusted the company’s earnings per share estimates upward, increasing them by 4%, bringing them to 1% above consensus among the group. This revision reflects rising confidence in the company’s short-term performance.

In addition to Morgan Stanley, Oppenheimer raised its price target on Ares Management Corporation (NYSE:ARES) during its fourth-quarter earnings preview on January 20. Analyst Chris Kotowski increased the firm’s price target on the stock from $190 to $224 while keeping a Buy rating. The firm said that the adjustment is a part of a broader review of price targets across the alternative asset management sector.

Ares Management Corporation (NYSE:ARES) is an alternative asset manager operating across the United States, Asia, and Europe. The company operates in the Direct Lending Group, Private Equity Group, and Real Estate Group segments. It was incorporated in 1997 and is based in Los Angeles, California.

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Disclosure: None. This article is originally published at Insider Monkey.