Brookfield Asset Management (NYSE:BAM) Price Target Cut to $60.00 by Analysts at Bank of America

Posted by Stanley Muller on Oct 5th, 2026

Brookfield Asset Management (NYSE:BAM – Get Free Report) (TSE:BAM.A) had its target price dropped by investment analysts at Bank of America from $61.00 to $60.00 in a research report issued on Monday, BayStreet reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Bank of America‘s price objective points to a potential upside of 33.91% from the company’s previous close.

A number of other brokerages have also commented on BAM. Royal Bank Of Canada set a $65.00 price target on shares of Brookfield Asset Management and gave the stock an “outperform” rating in a report on Friday, September 18th. National Bank Financial lifted their price target on Brookfield Asset Management from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Scotiabank reiterated an “outperform” rating and issued a $59.00 price objective on shares of Brookfield Asset Management in a report on Thursday, August 6th. Wall Street Zen raised Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Scotia boosted their target price on Brookfield Asset Management from $57.00 to $59.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Brookfield Asset Management presently has an average rating of “Hold” and an average price target of $57.57.

Read Our Latest Stock Analysis on Brookfield Asset Management

Brookfield Asset Management Price Performance

Brookfield Asset Management stock traded down $0.04 during midday trading on Monday, hitting $44.80. 1,611,463 shares of the company’s stock were exchanged, compared to its average volume of 3,173,221. The company has a market cap of $73.40 billion, a P/E ratio of 26.08, a PEG ratio of 1.84 and a beta of 1.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a 50-day moving average price of $49.36 and a two-hundred day moving average price of $47.61. Brookfield Asset Management has a 52-week low of $42.20 and a 52-week high of $59.33.

Brookfield Asset Management (NYSE:BAM – Get Free Report) (TSE:BAM.A) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. Brookfield Asset Management had a return on equity of 31.50% and a net margin of 48.89%.The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.47 billion. On average, equities research analysts forecast that Brookfield Asset Management will post 1.78 earnings per share for the current year.

Institutional Investors Weigh In On Brookfield Asset Management

Several institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont bought a new stake in Brookfield Asset Management in the second quarter valued at approximately $25,000. Compass Financial Management LLC purchased a new position in shares of Brookfield Asset Management in the second quarter worth $27,000. Allied Private Wealth LLC purchased a new position in shares of Brookfield Asset Management in the second quarter worth $40,000. Root Financial Partners LLC raised its holdings in Brookfield Asset Management by 184.5% during the 1st quarter. Root Financial Partners LLC now owns 1,283 shares of the financial services provider’s stock valued at $57,000 after buying an additional 832 shares during the last quarter. Finally, Hanson & Doremus Investment Management increased its position in shares of Brookfield Asset Management by 19.3% in the first quarter. Hanson & Doremus Investment Management now owns 1,548 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 250 shares during the period. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Asset Management Company Profile

(Get Free Report)

Brookfield Asset Management Ltd. (NYSE: BAM) is a global alternative asset management company that provides investment management services and strategies for institutional investors, governments, financial institutions and private wealth clients. The company invests in and manages assets on behalf of its clients across a range of private-market sectors.

Its principal investment strategies include renewable power and energy transition, infrastructure, private equity, real estate and credit.