Banking, finance, and taxes
Apollo Post-IPO Watch: Analysts Get Aggressive After Quiet Period (APO)
Published:
Last Updated:
Apollo Global Management, LLC (NYSE: APO) has been public for just over a month and its quiet period has ended for research analysts. The private equity giant sold almost 30 million shares at $19.00 per share. Despite a 2.3% gain today, this is still trading as a busted deal with shares around $18.40. Since coming public, Apollo’s shares have traded in a range of $17.65 to $19.00.
Now that the quiet period is over, we have many new research calls on the private equity outfit. These are not in any particular order, but the analyst calls are as follows:
So, the good news is that most of the pack is not just higher than today’s prices. The consensus target is north of the IPO price. That is at least seven firms endorsing the private equity outfit. We’ll give it a consensus price target north of $22.00 per share.
JON C. OGG
Robinhood set out to democratize investing to individuals, and it’s not slowing down. The app makes it possible to buy and sell stocks, mutual funds, trade options, and even cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
With FDIC insurance ,an award winning design, and benefits like IRAs and more, Robinhood could be your path to a richer tomorrow.
Sign up today — click here to start your journey.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.