Morgan Stanley has revised its price target for Hamilton Lane (HLNE, Financial), reducing it to $157 from the previous $190. Despite this adjustment, the firm retains an Equal Weight rating on the shares. Analysts have taken a cautious stance across the alternative asset manager sector, cutting price targets by an average of 24%.
This downgrade reflects an expectation of sluggish growth in capital markets, which is anticipated to impact the "private markets flywheel." The reevaluation includes a forecasted 10% decline in earnings per share by fiscal year 2026, accompanied by lower price-to-earnings multiples.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Hamilton Lane Inc (HLNE, Financial) is $160.17 with a high estimate of $184.00 and a low estimate of $136.00. The average target implies an upside of 16.73% from the current price of $137.21. More detailed estimate data can be found on the Hamilton Lane Inc (HLNE) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Hamilton Lane Inc's (HLNE, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Hamilton Lane Inc (HLNE, Financial) in one year is $124.31, suggesting a downside of 9.4% from the current price of $137.21. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Hamilton Lane Inc (HLNE) Summary page.
