Is Equitable Holdings (EQH) A Top Extreme Value Stock To Buy Now?
Jabran Kundi
2 min read
Equitable Holdings Inc. (NYSE:EQH) is one of the Top 10 Extreme Value Stocks To Buy Now. Alex Scott of Barclays reaffirmed a Buy rating on Equitable Holdings Inc. (NYSE:EQH) along with the price target of $51 on June 22. The firm's price target implies a further 15% upside from current levels. This price target matches the lowest Wall Street price target among 15 analysts covering the stock.
On a bullish note, UBS analyst Michael Ward CFA raised the firm's price target on Equitable Holdings Inc. (NYSE:EQH) from $58 to $63 while keeping a Buy rating on the shares. The analyst cited stronger-than-expected asset growth and improving investment performance, which he believes will support higher earnings. He also said that the company's assets under management have recovered significantly despite the recent retail outflows. This has brought the combined business close to $1 trillion in assets.
Moreover, Michael Ward highlighted the expected benefits of the planned merger with CRBG. According to the analyst, the deal will increase Equitable Holdings' scale, attract a broader investor base, and enhance its chances of joining major stock indexes. Despite concerns over execution, he expects the company to achieve its planned $500 million in cost savings.
Equitable Holdings Inc. (NYSE:EQH) is a financial services holding company, operating in the following segments: Individual retirement, group retirement, investment management and research, protection solutions, and wealth management. The company is based in New York, New York and was founded in 1859 by Henry B. Hyde.
While we acknowledge the risk and potential of EQH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EQH and that has 10,000% upside potential, check out our report about the cheapest AI stock.
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