BROOKFIELD ASSET MANAGEMENT

BAM · NYSE

$45.93+$0.72 (+1.59%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $45.21

BAM analyst rating

HoldConsensus of 10 analysts over the last 12 months. 40% rate it a buy.

Strong buy0
Buy4
Hold5
Underperform1
Sell0

12-month price target · 20 analysts

Average $58.49 (+27.4% upside)

Low: $44.44
Now: $45.93
High: $73.50

Upgrades and downgrades

The latest rating actions, newest first

BAM analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Oct 19, 2026	Maintains	Neutral	$50.00 → $49.00	37%
UBS	Oct 13, 2026	Maintains	Neutral	$55.00 → $49.00	—
Wells Fargo	Oct 2, 2026	Initiates	Overweight	$51.00	63%
Piper Sandler	Sep 18, 2026	Maintains	Neutral	$53.00 → $50.00	37%
UBS	Aug 6, 2026	Maintains	Neutral	$48.00 → $55.00	—
Morgan Stanley	Jul 21, 2026	Maintains	Equal-Weight	$62.00 → $56.00	54%
Piper Sandler	May 18, 2026	Maintains	Neutral	$48.00 → $50.00	37%
RBC Capital	May 11, 2026	Maintains	Outperform	$74.00 → $65.00	17%
Scotiabank	May 11, 2026	Maintains	Sector Outperform	$56.00 → $57.00	58%
JP Morgan	May 6, 2026	Maintains	Neutral	$72.00 → $60.00	53%

The case for and against

Updated Oct 14, 2026

Bull case

Brookfield Asset Mgmt is attractive because its scale, diversification, and asset-light model support durable compounding: fee-bearing capital reached $672B in 2Q26, LTM fee-related earnings were $3.2B, and LTM fundraising hit $163B, up 70% YoY. Management’s 2031 targets imply fee-bearing capital of $1.3T, fee-related earnings of $6.6B, and distributable earnings per share of $3.99, aided by margin expansion from 56.5% to about 61% and a larger contribution from carry-eligible capital. Its outlook is further strengthened by broad global exposure, a leading credit platform after the Oaktree acquisition, and secular tailwinds in AI infrastructure, private wealth, and defined contribution channels.

Bear case

Brookfield Asset Mgmt is vulnerable to a weaker fundraising and deployment backdrop that could slow fee growth and limit asset gathering across its USD 1.268 trillion platform, especially given its reliance on fee-earning AUM of USD 672.2 billion. A deterioration in investment performance would pressure portfolio marks, reduce carried interest, and force a markdown of unrealized carry by 50%, undermining earnings quality across its real estate, private equity, and alternative credit businesses. If FRE multiple compression to 19x persists, it would signal that investors are assigning a lower valuation to recurring fee earnings, reinforcing a negative fundamental outlook.

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.