Wells Fargo Initiates Coverage of Apollo Global Management at Equal-Weight
Fintel reports that on October 2, 2026, Wells Fargo initiated coverage of Apollo Global Management (NYSE:APO) (BMV:APO1) with a Equal-Weight recommendation.
Apollo Global Management, Inc., based in the United States, is a prominent player in the alternative asset management sector. The company specializes in credit, private equity, and real assets investments. Since its inception in 1990, Apollo has cultivated a robust track record of leveraging distressed assets and companies to generate substantial returns. Key projects often involve sizeable corporate buyouts, real estate deals, and substantial loan originations. Apollo's strategic approach focuses on complex transactions and opportunities that require intensive operational involvement. The company's global influence is marked by significant assets under management, making it a pivotal entity in financial markets, adept at navigating diverse economic conditions while maximizing value creation across its extensive investment portfolio.
On October 2, 2026, the stock's latest close was recorded at $114.03. This follows a pre-action close of $114.34 on October 1, 2026. Over a one-week period, the stock experienced a price change of -6.29% from a baseline close of $121.69 on September 25, 2026. Over a one-month period, the price change was -13.80% from a baseline close of $132.29 on September 2, 2026.
In its latest earnings report on August 4, 2026, Apollo Global Management reported an actual EPS of 2.11, compared to an estimated EPS of 2.1957, representing an EPS surprise percent of -3.90%. The company's actual revenue for the quarter was $11,153,000,000.00, compared to the estimated revenue of $5,746,626,795.00.
Separately from the Wells Fargo initiation, the current consensus target mean for the stock was $156.66 as of September 15, 2026. This is unchanged from the prior consensus target mean of $156.66 on August 29, 2026, representing a consensus target revision percent of 0.00%. The current consensus target median was $160.14 as of September 15, 2026, representing an implied change percent of +37.38%.
The current analyst recommendation profile as of September 1, 2026, shows a total of 26 recommendations, consisting of 5 strong buy, 14 buy, 7 hold, 0 sell, and 0 strong sell ratings. This breakdown represents a positive percent of 73.1%, a hold percent of 26.9%, and a negative percent of 0.0%. These figures are identical to the prior recommendation period as of August 1, 2026, which also recorded 26 total recommendations with 5 strong buy, 14 buy, 7 hold, 0 sell, and 0 strong sell ratings.
In other recent analyst activity, JP Morgan maintained its rating on Apollo Global Management on September 2, 2026. The firm kept its recommendation at Overweight, which was unchanged from its prior rating of Overweight.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 2, 2026 | Wells Fargo | Equal-Weight | initiated coverage | |
| September 2, 2026 | JP Morgan | Overweight | Overweight | maintained |
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This story originally appeared on Fintel.