Goldman Sachs Lowers Artisan Partners Price Target to USD 31
Goldman Sachs has lowered its price target for Artisan Partners Asset Management Inc. (APAM) from USD 35.00 to USD 31.00, as announced on October 2, 2026. Despite this reduction, the bank maintained its Sell rating on the stock. The new target is below the USD 34.88 price at which APAM was trading on the NYSE on the same day.
The latest target adjustment contrasts with a more optimistic outlook from Zacks Research, which upgraded Artisan Partners from a strong sell to a hold rating on September 16, 2026, and cited an average target price of USD 38.00. This divergence in analyst opinions comes as the company reported strong second-quarter 2026 results, with revenue of USD 307.91 million, exceeding the consensus estimate of USD 301.32 million by USD 6.59 million. Adjusted earnings per share also surpassed expectations, reaching USD 0.94 compared to the forecasted USD 0.91.
Artisan Partners reported preliminary assets under management (AUM) of USD 183.50 billion as of August 31, 2026. This included USD 94.50 billion in Artisan Funds and Artisan Global Funds, and USD 89.00 billion in separate accounts and other assets. However, the company anticipates a USD 6.00 billion reduction in its Global Value strategy in September 2026 due to a sub-advisory client changing its mandate structure.
As of October 2, 2026, APAM's market capitalization stood at USD 2.5 billion, with a 52-week trading range of USD 33.96 to USD 46.53. The company recently secured a USD 150.00 million five-year revolving credit facility, replacing a USD 100.00 million facility, as reported on September 23, 2026.