Hamilton Lane rises after Oppenheimer upgrades to 'outperform'

Hamilton Lane Incorporated

21/01/2025 19:30

** Shares of investment manager Hamilton Lane  HLNE.O  rise 4.5%
to $156.99
    ** Oppenheimer upgrades HLNE to "outperform" from "perform";
assigns PT of $186, a 23.8% upside to stock's last close
    ** Brokerage says there is much to like about the prospects
of HLNE for the next year, or two
    ** Brokerage adds that alternative asset managers have many
mature investments that are primed for monetization and that
short rates appear to have peaked    
    ** Oppenheimer also notes that public equity markets are
buoyant, and the U.S. Federal Trade Commission should be more
open to consolidation in the industry
    ** One of seven brokerages rate the stock "strong buy", five
"hold" and one as "sell"; their median PT is $163, according to
data compiled by LSEG    
    ** HLNE stock jumped 30.5% in 2024
     

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((mailto:ArasuKannagi.Basil@thomsonreuters.com;))