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Ameriprise Financial, Inc. (NYSE:AMP) is one of the Most Undervalued High Quality Stocks to Buy Now. On May 4, Piper Sandler analyst Crispin Love raised the firm’s price target on the stock from $460 to $471, while maintaining a Neutral rating on the shares. Earlier, on April 26, Ryan Krueger from KBW reiterated a Hold rating on the stock with a price target of $515.
The ratings follow Ameriprise’s fiscal Q1 2026 earnings, released on April 23. During the quarter, the company reported $4.77 billion in revenue, reflecting 10.79% year-over-year growth and topping expectations by $75.36 million. The non-GAAP EPS of $11.26 also exceeded the consensus by $1.05. Management attributed the performance to its Advice & Wealth Management segment, which grew pretax adjusted operating earnings by 20% to reach $951 million. Moreover, the assets under management also grew 12% year-over-year to reach $1.7 trillion.
Analyst Crispin from Piper Sandler noted that the company posted strong results driven by revenue growth and strong operating margins of 28%. Both metrics topped the firm’s expectations, hence the firm increased its price target.
Ameriprise Financial, Inc. (NYSE:AMP) operates as a diversified financial services company. Its segments include Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.
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