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.