Hamilton Lane Inc. (NASDAQ:HLNE) is one of the 12 best buy-the-dip stocks to invest in now.
On May 22, Oppenheimer updated its outlook on Hamilton Lane Inc. (NASDAQ:HLNE) after reviewing the company’s fourth-quarter numbers and noting that its year-to-date performance dropped more than the S&P’s 8.5%
The firm maintained its Outperform rating on the shares and adjusted the price target from $171 to $179. This comes after the company continued to report an unbroken string of strong quarters. Oppenheimer also highlighted that because of clean operational results, minor margin improvements, and over 21% growth in management fees, the company saw more than 23% year-over-year jump in non-GAAP EPS.
The reported figures of $1.49 for non-GAAP EPS exceeded the consensus estimates of $1.43. The firm noted that clients were putting more capital into higher fee funds, which will continue to lift revenues over time. This makes it a notable mention in recent Hamilton Lane stock analysis.