Scotiabank raises Brookfield Asset Management stock price target on growth outlook
Scotiabank raised its price target on Brookfield Asset Management (BAM) to $60.50, citing 14% fee-related earnings growth and a strong 2027 outlook. BAM's Q3 earnings showed 15% growth in key metrics but missed EPS estimates. Scotiabank forecasts 15-16% annual growth in earnings through 2028, suggesting a higher valuation multiple.
How this was made
The 30-second read
Why it matters
The upgrade could attract new buying interest and support the stock price toward the new target.
Market read
Analyst target raise is a fresh catalyst that may drive short‑term upside for BAM.
What to watch
Potential impact of rising interest rates on capital‑raising activities and fee‑bearing capital.
Background
Scotiabank’s research note updates its outlook for Brookfield Asset Management, highlighting fee‑related earnings growth and a new 2028 earnings estimate.
Ticker impact
Scotiabank raised its price target on Brookfield Asset Management to $60.50, citing higher fee‑related earnings growth and new 2028 estimates.
likely upward pressure as investors price in stronger earnings growth and a higher multiple.
The target increase from $59.00 to $60.50 reflects a 2.5% upside and a revised earnings outlook, which typically drives buying interest.
Market effects
May lift sentiment for other asset‑management firms with similar fee structures.
North American asset‑management sector could see modest gains.
Limited to investors tracking US‑listed asset managers.
Counterpoint
Target raise may be premature if fee growth slows or macro conditions deteriorate.
Key entities
- companyBrookfield Asset Management
US‑listed asset‑management firm (NYSE:BAM).
- research_firmScotiabank
Investment bank providing the price‑target upgrade.
