why Apollo Global Management Inc [APO] is a Good Choice for Investors After New Price Target of $146.41

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Apollo Global Management Inc [NYSE: APO] jumped around 2.34 points on Thursday, while shares priced at $145.19 at the close of the session, up 1.64%.

Compared to the average trading volume of 3.05M shares, APO reached a trading volume of 2548008 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Apollo Global Management Inc [APO]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APO shares is $146.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APO stock is a recommendation set at 1.57. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Apollo Global Management Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 25, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Overweight. The new note on the price target was released on September 12, 2024, representing the official price target for Apollo Global Management Inc stock. Previously, the target price had yet another raise to $153, while Redburn Atlantic analysts kept a Buy rating on APO stock.

The Average True Range (ATR) for Apollo Global Management Inc is set at 3.05, with the Price to Sales ratio for APO stock in the period of the last 12 months amounting to 4.26. The Price to Book ratio for the last quarter was 5.96, with the Price to Cash per share for the same quarter was set at 24.59. Price to Free Cash Flow for APO in the course of the last twelve months was 38.70.

How has APO stock performed recently?

Apollo Global Management Inc [APO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.27. With this latest performance, APO shares gained by 23.51% in over the last four-week period, additionally plugging by 35.31% over the last 6 months – not to mention a rise of 64.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APO stock in for the last two-week period is set at 83.77, with the RSI for the last a single of trading hit 89.10, and the three-weeks RSI is set at 78.21 for Apollo Global Management Inc [APO]. The present Moving Average for the last 50 days of trading for this stock 119.76, while it was recorded at 142.23 for the last single week of trading, and 113.36 for the last 200 days.

Earnings analysis for Apollo Global Management Inc [APO]

With the latest financial reports released by the company, Apollo Global Management Inc posted 1.71/share EPS, while the average EPS was predicted by analysts to be reported at 1.77/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.06. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Apollo Global Management Inc go to 15.49%.

Insider trade positions for Apollo Global Management Inc [APO]

There are presently around $62.27%, or 84.61%% of APO stock, in the hands of institutional investors. The top three institutional holders of APO stocks are: VANGUARD GROUP INC with ownership of 41.25 million shares, which is approximately 7.0137%. CAPITAL WORLD INVESTORS, holding 31.48 million shares of the stock with an approximate value of $$3.72 billion in APO stocks shares; and CAPITAL WORLD INVESTORS, currently with $$2.81 billion in APO stock with ownership which is approximately 4.0438%.

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