APO Stock Forecast & Price Target

Apollo Global Management's retail business is experiencing robust growth, with management projecting assets under management (AAA) to reach $20 billion and asset deployment (ADS) to reach $15 billion by year-end, supported by an anticipated 50% year-over-year increase in retail fundraising in 2024. The company expects adjusted net income (ANI) growth of over 20% in 2024, building on an impressive 25% growth in the prior year, indicating strong performance and operational efficiency. Additionally, Apollo's unique business model and ability to adapt in various markets are likely to enhance the consistency and predictability of its earnings, further positioning it for potential inclusion in the S&P 500 index.

Apollo Global Management Inc faces challenges due to a consistent decline in average allocations to public equity, which may hinder revenue growth, especially in its Retirement Services segment that generates the majority of its income. Legislative and regulatory changes pose additional risks, potentially leading to unforeseen costs and lower earnings, particularly as negative performances in market indices could diminish asset values and increase financial obligations. Furthermore, a declining equity market may adversely affect policyholder behavior, prompting increased surrender and withdrawal activity that could further strain the firm's financial performance.