Analysts at Piper Sandler have increased their price target for Abacus Global (ABL, Financial) from $11.50 to $12 while maintaining an Overweight rating on the stock. This upward revision follows Abacus's impressive financial performance, marked by strong revenue figures and adjusted EBITDA, along with a record amount of capital deployment. Furthermore, the company has reaffirmed its 2025 adjusted net income forecast, projecting a range of $70 million to $78 million, which signals an anticipated growth of nearly 60% by 2025.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Abacus Global Management Inc (ABL, Financial) is $13.70 with a high estimate of $15.00 and a low estimate of $12.00. The average target implies an upside of 63.48% from the current price of $8.38. More detailed estimate data can be found on the Abacus Global Management Inc (ABL) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Abacus Global Management Inc's (ABL, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
ABL Key Business Developments
Release Date: May 08, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Abacus Global Management Inc (ABL, Financial) reported a record first quarter with total revenue more than doubling year over year to $44.1 million.
- The company achieved strong adjusted earnings, with adjusted net income more than doubling to $17.3 million.
- Abacus's unique business model provides strategic advantages during market volatility, attracting increased interest from policyholders and investors.
- The company's asset management offerings gained strong traction with new AUM inflows of $151 million, driven by expanded offerings and geographic reach.
- Abacus's balance sheet and liquidity position are strong, with cash and cash equivalents of $43.8 million and balance sheet policy assets of $448.1 million.
Negative Points
- The macro environment remains uncertain, posing potential challenges for Abacus Global Management Inc (ABL).
- Total operating expenses increased to $19.6 million, primarily due to acquisitions and higher investments in SGNA and marketing.
- Despite strong financial performance, the stock has not reacted as expected, indicating potential undervaluation.
- The company faces competition for assets from carriers and reinsurers, which could impact future growth.
- There is no updated timeline for the full implementation of the Abacus Wealth Advisors strategy, indicating potential delays in this growth area.
