Goldman Sachs Initiates Coverage of Brookfield Corp. with Buy Rating

Goldman Sachs has initiated coverage of Brookfield Corp. with a Buy rating, citing the company's ability to provide investors access to a capital compounder at a discount. Brookfield Corp. combines the scale and stability of a global, diversified balance sheet of assets with the expertise of its management team to drive long-term growth and returns.

Goldman Sachs has initiated coverage of Brookfield Corp. (NYSE:BN) with a Buy rating, recognizing the company's ability to provide investors access to a capital compounder at a discount. The firm combines the scale and stability of a global, diversified balance sheet of assets with the expertise of its management team to drive long-term growth and returns [1].

Brookfield Corp. oversees nearly $1 trillion of assets, encompassing real estate, infrastructure, renewable energy, private equity, private credit, and insurance. The company's real estate business, the largest contributor to its enterprise value, is expected to see improving cash flow dynamics, according to analyst Alexander Blostein at Goldman Sachs. Additionally, a step-up in carried interest/performance fees and steady growth in insurance are anticipated [1].

Brookfield Asset Management (BAM), of which Brookfield Corp. owns 73%, is also a key driver of the company's growth. BAM has positioned itself at the intersection of three powerful global trends: digitalization, decarbonization, and deglobalization. These trends are reshaping economies and creating long-term demand for the infrastructure and renewable energy assets that BAM owns and manages [2].

The company's stock has gained 0.3% in Tuesday morning trading following the Buy rating, which aligns with the average SA Analyst rating and average Wall Street rating, both at Buy. The stock is currently trading at around $78, with a 12-month price target of $78, implying a potential 20% upside [1].

Brookfield Asset Management (TSX:BAM) also reported strong second-quarter earnings, with a 19% year-over-year revenue increase and fee-related earnings (FRE) climbing 16% to US$676 million. Distributable earnings, which reflect the cash available for shareholder dividends, grew 12% year over year. The company's dividend yield is currently at an attractive 2.9% [2].

Institutional investors, including Northern Trust Corp, have also shown confidence in Brookfield Asset Management by increasing their stakes. Northern Trust Corp boosted its holdings by 31.5% in the first quarter, owning a total of 560,827 shares worth approximately $27.17 million [3].

Brookfield Corp. and its subsidiary BAM continue to demonstrate strong fundamentals and growth prospects, supported by a diversified asset base and expertise in key global trends. The Buy rating from Goldman Sachs reflects the company's potential for long-term growth and returns.

References:
[1] https://seekingalpha.com/news/4491230-brookfield-corp-scores-buy-rating-at-goldman-sachs
[2] https://ca.finance.yahoo.com/news/brookfield-asset-management-stock-buy-230000675.html
[3] https://www.marketbeat.com/instant-alerts/filing-brookfield-asset-management-ltd-bam-shares-purchased-by-northern-trust-corp-2025-08-31/