BAM Stock Forecast & Price Target

Brookfield Asset Mgmt is well-positioned for growth and poised to capitalize on global megatrends, particularly in digital infrastructure and AI. With its strong financials, diversified revenue streams, and a solid track record of fundraising, the company is expected to see record inflows in 2026 and continue driving growth in its Private Equity, Infrastructure, and Credit segments. It also has limited exposure to direct lending, which has been a focus in the industry. Overall, BAM's asset-light and pure-play model, combined with its targeted 17% CAGR in FRE over the next 5 years, makes it an attractive investment opportunity.

Brookfield Asset Mgmt is expected to have a record fundraising year in 2026, with a projected $150B - $110B excluding Just Group mandate - in fundraising, driven by flagship funds such as BCPVII (expected to raise $13B) and Infrastructure (expected to raise $30B). Additionally, the company is a leader in sustainable investing, with a dedicated $15B fund for net zero emission projects, and a strong renewable energy and infrastructure platform contributing to sustainable energy use. Its $137B dry powder balance is well diversified across asset classes, with 33% in credit, 20% in energy, 20% in real estate, 13% in private equity, and 14% in infrastructure. Valuation-wise, a 24x multiple is applied to forecasted one-year FRE adjusted for incentive fees from BBUC, and a 1x multiple is applied to unrealized net carried interest 12-months forward.