Jefferies Raises Price Target for Brookfield Asset Management to $62.00, Maintains "Hold" Rating

Jefferies maintains "Hold" rating on Brookfield Asset Management (BAM) with a raised price target from $55 to $62, a 12.73% increase. Analysts have provided mixed ratings, with Scotiabank and TD Securities maintaining "Outperform" and "Buy" ratings, respectively, while Wells Fargo maintains "Underweight" rating. The average target price for BAM is $62.25, with a high estimate of $75 and a low estimate of $32. The average brokerage recommendation is 2.7, indicating a "Hold" status.

Jefferies has raised its price target for Brookfield Asset Management (BAM) to $62 from $55, a 12.73% increase. The brokerage maintains a "Hold" rating on the company, reflecting a mixed sentiment among analysts. Scotiabank and TD Securities have maintained "Outperform" and "Buy" ratings, respectively, while Wells Fargo maintains an "Underweight" rating. The average target price for BAM is $62.25, with estimates ranging from $32 to $75. The average brokerage recommendation of 2.7 indicates a "Hold" status.

The revised price target and rating come amid strong second-quarter earnings for BAM, which saw fee-related earnings and distributable earnings increase by 16% and 12%, respectively. The company also raised $22 billion in capital during the quarter and entered a $10 billion public-private investment program with the Swedish government [3].

Despite the positive earnings report, analysts are divided on BAM's future prospects. While some see the company's focus on high-demand sectors such as AI infrastructure and renewable energy as a positive, others are concerned about the potential impact of slowing growth and increased competition. Jefferies, for instance, has noted that BAM's rapid growth is likely to slow from 2025, with sales growth rate expected to peak this year and moderate in 2026 [1].

AGF Management Ltd. has also shown significant interest in BAM, increasing its stake by 60.5% during the first quarter, bringing its total ownership to approximately 1.6 million shares valued at $77.7 million [2].

References:
[1] https://ca.finance.yahoo.com/news/jefferies-downgrades-holding-slowing-growth-154408042.html
[2] https://www.marketbeat.com/instant-alerts/filing-agf-management-ltd-buys-604395-shares-of-brookfield-asset-management-ltd-nysebam-2025-08-11/
[3] https://www.investing.com/news/transcripts/earnings-call-transcript-brookfield-asset-management-sees-strong-q2-2025-growth-93CH-4175565