Andersen Group

ANDG · NYSE

$60.65+$2.00 (+3.41%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $58.65

ANDG analyst rating

BuyConsensus of 8 analysts over the last 12 months. 63% rate it a buy.

Strong buy0
Buy5
Hold3
Underperform0
Sell0

12-month price target · 9 analysts

Average $60.76 (+0.2% upside)

Low: $49.49
Now: $60.65
High: $73.50

Upgrades and downgrades

The latest rating actions, newest first

ANDG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Truist Securities	Sep 25, 2026	Maintains	Buy	$55.00 → $70.00	61%
BMO Capital	Sep 8, 2026	Initiates	Market Perform	$58.00	60%
Baird	Aug 31, 2026	Maintains	Outperform	$57.00 → $64.00	65%
Morgan Stanley	Aug 13, 2026	Maintains	Equal-Weight	$27.00 → $54.00	48%
Wells Fargo	Aug 13, 2026	Maintains	Equal-Weight	$38.00 → $49.00	46%
Truist Securities	Aug 13, 2026	Maintains	Buy	$42.00 → $55.00	61%
Baird	Aug 13, 2026	Maintains	Outperform	$44.00 → $57.00	65%
UBS	May 14, 2026	Maintains	Buy	$34.00 → $42.00	45%
Morgan Stanley	May 13, 2026	Maintains	Equal-Weight	$24.00 → $27.00	48%
Truist Securities	May 13, 2026	Maintains	Buy	$32.00 → $42.00	61%

The case for and against

Updated Oct 18, 2026

Bull case

Andersen Group is well positioned to benefit from secular demand tied to rising wealth among high-net-worth individuals, family offices, and fast-growing private businesses, with family offices expected to add an incremental $3T in wealth between now and 2030 and active unicorns up 10% over the last two years. Its core Private Client Services business, which accounts for about 51% of revenue, is already showing strong momentum, with 1Q revenue up 16% year over year, segment growth of at least 12% across all lines, and adjusted EBITDA of $72M versus consensus of $59M. The outlook is further strengthened by a disciplined affiliate-driven M&A strategy that targets a ~400-firm pipeline with $5B in revenue, supports expected inorganic contributions, and has helped drive revenue per hour up 8% year over year and revenue per professional up 13%.

Bear case

Andersen Group is viewed negatively because its 2026 guidance improvement is driven mainly by inorganic revenue, with expected inorganic contributions raised to $55M from $33M and the $27.5M increase in guidance largely tied to a $22M lift in those contributions. Revenue is projected at approximately $980M-$1B and EBITDA at $225M-$250M, but 2Q26 still calls for $190M-$205M of revenue and negative EPS, highlighting limited near-term earnings quality. The downside case is further reinforced by risks that AI adoption could pressure sentiment and pricing power, leadership upheaval could emerge with older management, and affiliate acquisitions or growth could underwhelm if trends revert toward industry averages or tax code simplification reduces demand.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.