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Apollo Global Management (APO) Receives a Buy from Goldman Sachs

Tipranks - Tipranks - Wed Apr 15, 6:44AM CDT

Goldman Sachs analyst Alexander Blostein maintained a Buy rating on Apollo Global Management yesterday and set a price target of $134.00. The company’s shares closed yesterday at $109.95.

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Blostein covers the Financial sector, focusing on stocks such as Apollo Global Management, Invesco, and Nasdaq. According to TipRanks, Blostein has an average return of 16.2% and a 68.34% success rate on recommended stocks.

Currently, the analyst consensus on Apollo Global Management is a Strong Buy with an average price target of $144.09, representing a 31.05% upside. In a report released on April 9, TD Cowen also maintained a Buy rating on the stock with a $126.00 price target.

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Based on Apollo Global Management’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.11 billion and a net profit of $1.69 billion. In comparison, last year the company earned a revenue of $5.28 billion and had a net profit of $1.44 billion

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