Apollo's Strong Q3 Results Propel Price Forecast Upgrade — Analyst Highlights Asset Growth And Future Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
0mins
Should l Buy APO?
Source: Benzinga
Strong Earnings Report: Apollo Global Management reported third-quarter adjusted earnings per share of $1.85, exceeding analyst expectations, with revenue of $7.77 billion significantly surpassing estimates. The firm manages $733 billion in assets and has seen substantial inflows and capital deployment over the past year.
Analyst Upgrades: JP Morgan analyst Kenneth B. Worthington raised Apollo's price target from $143 to $161 while maintaining an Overweight rating, citing confidence in the company's ambitious growth targets for 2029 following its strong performance.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 125.370
Low
136.00
Averages
164.45
High
182.00
Current: 125.370
Low
136.00
Averages
164.45
High
182.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Price Decline: Following this news, Apollo's stock price fell by $7.69, or 5.72%, closing at $126.85 per share on February 3, 2026, reflecting market concerns over the company's governance issues.
- Potential Legal Consequences: As a prominent securities class action firm, Pomerantz LLP's investigation may lead to substantial damages and legal liabilities for Apollo, further impacting investor confidence and the company's future market performance.
See More
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- Operational Transition: Schulte Hospitality Group will take over operations of Sotherly's 10 full-service hotels and a condo-hotel management agreement, enhancing its influence in high-end hotel management and aligning management efforts through co-investment with the investor group.
- Market Potential: Sotherly owns 2,786 hotel rooms across ten full-service hotels in seven states, and the acquisition will significantly bolster KWHP and Ascendant's high-quality hospitality portfolio in the Southeast, catering to the growing travel demand.
- Strategic Collaboration: This acquisition represents a crucial step in KWHP and Ascendant's execution of their high-quality asset strategy, aiming to enhance guest experiences and drive growth for these upscale assets through resource integration and expertise sharing.
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- Shareholder Approval: Sotherly's shareholders unanimously approved the acquisition at a special meeting on January 22, 2026, indicating strong support for the strategic direction post-merger, which is expected to improve overall operational efficiency.
- Management Transition: Schulte Hospitality Group will assume operations of Sotherly's 10 full-service hotels and its single condo-hotel management agreement, leveraging its extensive industry experience to enhance guest experiences and drive business growth.
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