AMP
Ameriprise Financial Inc
NYSE: AMP · FINANCIAL SERVICES · ASSET MANAGEMENT
$463.70
-0.09% today
Updated 2026-06-05
Market cap
$41.27B
P/E ratio
11.44
P/S ratio
2.14x
EPS (TTM)
$40.13
Dividend yield
1.42%
52W range
$421 – $547
Volume
0.6M
Ameriprise Financial Inc (AMP) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed AMP price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$463.70
Today
Analyst consensus
$541.90
+16.86% · 12M
2030 Base
$444.27
-4.19% future
NPV today
$273.47
@ 11% WACC
16 analysts:
5 Buy6 Hold1 Sell
Management guidance
No specific revenue or EPS targets provided by CEO Ted Truscott in recent guidance. Management emphasizes disciplined risk management, advisor-led growth model, and capital return strategy (dividends + buybacks). Q1 2026 results showed 10.8% YoY revenue growth to $4.77B; company raised dividend 6% signaling confidence in cash generation. No forward revenue guidance issued beyond implicit focus on AUM-driven fee growth and market-sensitive earnings.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
AMP · Ameriprise Financial Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$444.27
NPV today: $273.47
Base case (2030)
$444.27
NPV today: $273.47
Bull case (2030)
$722.37
NPV today: $444.65
WallStSmart.com
AMP financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $18.9B | $20.4B | $21.8B | $23.1B | $24.3B | $25.5B |
| Revenue growth | 9.5% | 10.2% | 7.2% | 5.8% | 5.3% | 4.9% |
| Net margin | — | 21.5% | 21.3% | 21.1% | 20.9% | 20.8% |
| EPS | $35.10 | $48.50 | $51.20 | $53.40 | $55.60 | $57.80 |
| Diluted shares | — | 90M | 91M | 91M | 91M | 92M |
| Net debt | — | $-2.53B | $-5.46B | $-8.56B | $-11.83B | $-15.25B |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $253.38 | $301.00 | $347.67 | $395.57 | $444.27 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $25.5B | $25.5B | $25.5B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 92M | 92M | 92M |
| Net debt | $-15.25B | $-15.25B | $-15.25B |
| Implied P/E † | 8x | 8x | 13x |
| 2030 Price | $444.27 | $444.27 | $722.37 |
| NPV @ 11% | $273.47 | $273.47 | $444.65 |
† Implied P/E: Multiples remain elevated across all three scenarios because AMP is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $444.27 base case
AMP catalysts and risks
Growth catalysts
+ Sustained equity market strength driving AUM and fee-based revenue growth (AUM sensitivity: ~$100B AUM increase → ~$50-75M annual fee revenue increase)
+ Advisor recruitment and retention improvements after recent leadership transitions; stabilization of advisor attrition (2026 focus: counteract $850M-$1B advisor departures to competitors)
+ Capital return acceleration: $1.5B+ share buybacks + 6%+ dividend growth annually as profit margins remain 20%+ and ROE >65%
Key risks
- Recession/equity market decline: 40-50% of revenue is market-sensitive AUM-based fees; 20% S&P 500 decline = ~$200-300M revenue headwind
- Accelerating advisor attrition: recent departures to LPL ($1B AUM), Steward ($500M), Integrated Partners ($850M) create organic growth risk; if attrition >5-7% annually, AUM growth stalls
- Regulatory/litigation risk: recent FINRA/SEC scrutiny of wealth advisors; data breach litigation exposure (Cetera co-defendant on 2026 class action); compliance costs rising
Methodology · Ameriprise Financial Inc 2030 stock forecast model
Ameriprise Financial Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 16 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (2% cumulative for AMP by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-15.25B by 2030) |
| 3. Time value | NPV calculated using 11% WACC (CAPM: beta 1.201) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
AMP price target FAQ
What is the AMP price target for 2030?
WallStSmart's Ameriprise Financial Inc 2030 base case is $444.27 per share, with a bull case of $722.37 and bear case of $444.27. The NPV of the base case discounted to today at 11% WACC is $273.47.
How is the Ameriprise Financial Inc 2030 stock forecast calculated?
The AMP 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the AMP price target account for dilution?
Ameriprise Financial Inc is projected to grow diluted share count from 90M to 92M by 2030 (a 2% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 2%.
What is the analyst consensus on AMP stock?
16 analysts cover AMP with an average 12-month price target of $541.90. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.