These Analysts Revise Their Forecasts On AllianceBernstein Following Q1 Results

Benzinga04-29

Alliancebernstein Holding LP (NYSE:AB) on Tuesday posted in-line earnings for the first quarter.

The company reported quarterly earnings of 83 cents per share which met the analyst consensus estimate. The company reported quarterly sales of $1.201 billion which beat the analyst consensus estimate of $894.721 million.

“The first quarter of 2026 unfolded against a difficult geopolitical backdrop associated with market volatility,” said Seth Bernstein, CEO of AllianceBernstein. “Firmwide net active outflows totaled $6.3 billion, reflecting a more risk-averse environment, despite continued momentum across structurally growing areas—including private markets, active ETFs, SMAs, insurance, and wealth management.”

AllianceBernstein shares rose 2.8% to trade at $39.50 on Wednesday.

These analysts made changes to their price targets on AllianceBernstein following earnings announcement.

  • Barclays analyst Benjamin Budish maintained AllianceBernstein with an Equal-Weight rating and lowered the price target from $40 to $39.
  • Evercore ISI Group analyst John Dunn maintained the stock with an Outperform rating and raised the price target from $41 to $42.

Considering buying AB stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment