Wells Fargo Raises Price Target for Ares Management Corporation
- Wells Fargo increased Ares Management’s price target from $182 to $189.
- Ares reported a 38.21% revenue increase in the first quarter, reaching $1.04 billion.
- The company raised over $20 billion in new capital commitments during Q1.
- Ares’ stock surged approximately 48% since hitting a low of about $110 on April 4th.
- Over 72% of Ares’s assets are in credit-related products.
Ares Management Corporation has demonstrated strong financial performance with a notable Q1 revenue increase and record-high fundraising, prompting Wells Fargo to raise its price target to $189 while maintaining an overweight rating.
Source (2.6)https://dailyhodl.com/2025/05/28/wells-fargo-raises-price-target-for-one-us-financial-stock-thats-up-48-since-liberation-day-induced-crash-report/?rand=59076
