Quick Takeaways:
- AllianceBernstein reported a first-quarter earnings per share of $0.80, in line with expectations despite a slight revenue decline.
- Analyst consensus maintains a 'Hold' rating with a moderate upside implied for investors.
- GuruFocus estimates a significant potential upside, with a GF Value suggesting a 20.55% increase from current levels.
AllianceBernstein Holding LP (AB, Financial) has recently announced their first-quarter performance, revealing a non-GAAP earnings per share of $0.80. This result comes amidst a slight drop in revenue to $1.08 billion, marking a 1.8% decrease compared to the previous year. The firm's assets under management also saw a reduction of 2.6% in March, reflecting ongoing market challenges that offset asset inflows.
Analyst Price Targets
Financial analysts have provided their price targets for AllianceBernstein, offering insights into potential future performance. The average price target, according to six analysts, is set at $38.00. This projection includes a high estimate of $42.00 and a lower estimate of $34.00. From the current share price of $36.83, the average target suggests a modest upside of 3.18%. For more thorough projections, refer to the AllianceBernstein Holding LP (AB, Financial) Forecast page.
Brokerage Recommendations
With input from seven brokerage firms, the average recommendation for AllianceBernstein Holding LP remains at 2.6, which indicates a 'Hold' status. This rating is part of a scale where 1 signifies a 'Strong Buy' and 5 represents a 'Sell'. This consensus highlights a cautious yet stable outlook among analysts.
Future Valuation Insights
According to GuruFocus metrics, the anticipated GF Value for AllianceBernstein in the upcoming year is $44.40. This valuation suggests a substantial potential upside of 20.55% from the current price of $36.83. The GF Value, derived from the stock's historical trading multiples, past growth, and future performance estimates, offers a comprehensive view of the stock's potential worth. For detailed financial insights, please visit the AllianceBernstein Holding LP (AB, Financial) Summary page.
