BAM
Brookfield Asset Management Ltd.
NYSE: BAM · FINANCIAL SERVICES · ASSET MANAGEMENT
$47.13
+1.09% today
Updated 2026-06-12
Market cap
$76.25B
P/E ratio
30.61
P/S ratio
15.03x
EPS (TTM)
$1.56
Dividend yield
3.77%
52W range
$42 – $62
Volume
3.5M
Brookfield Asset Management Ltd. (BAM) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed BAM price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$47.13
Today
Analyst consensus
$60.21
+27.75% · 12M
2030 Base
$66.40
+40.89% future
NPV today
$40.37
@ 11% WACC
18 analysts:
7 Buy9 Hold2 Sell
Management guidance
CEO Conor Teskey stated in Q1 2026 earnings that 2026 will be 'the largest fundraising year ever' with $21B raised in Q1 alone. The company targets substantial fee-bearing asset growth driven by AI infrastructure tailwinds, insurance inflows, and complementary alternative asset strategies. No specific 2030 revenue target disclosed, but management emphasized AI as a 'significant tailwind' requiring massive physical infrastructure capex — BAM's core advantage.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
BAM · Brookfield Asset Management Ltd. · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$32.79
NPV today: $19.93
Base case (2030)
$66.40
NPV today: $40.37
Bull case (2030)
$125.23
NPV today: $76.13
WallStSmart.com
BAM financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $4.9B | $6.8B | $8.4B | $10.2B | $11.8B | $13.4B |
| Revenue growth | 23.5% | 35.9% | 22.9% | 20.6% | 16.8% | 13.3% |
| Net margin | — | 46.2% | 47.8% | 49.6% | 50.9% | 51.8% |
| EPS | $1.66 | $1.98 | $2.52 | $3.15 | $3.78 | $4.35 |
| Diluted shares | — | 1597M | 1597M | 1597M | 1597M | 1597M |
| Net debt | — | $1.35B | $1.35B | $1.34B | $1.34B | $1.33B |
| P/S multiple | — | 8.0x | 8.0x | 8.0x | 8.0x | 8.0x |
| Implied price (base) | — | $33.47 | $41.34 | $50.01 | $58.53 | $66.40 |
★ 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 | $13.4B | $13.4B | $13.4B |
| P/S multiple | 4.0x | 8.0x | 15.0x |
| Diluted shares | 1597M | 1597M | 1597M |
| Net debt | $1.33B | $1.33B | $1.33B |
| Implied P/E † | 8x | 15x | 29x |
| 2030 Price | $32.79 | $66.40 | $125.23 |
| NPV @ 11% | $19.93 | $40.37 | $76.13 |
† Implied P/E: Multiples remain elevated across all three scenarios because BAM 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 $66.40 base case
BAM catalysts and risks
Growth catalysts
+ $500M OpenAI Deployment Company investment — positions BAM as critical AI infrastructure financer; scales enterprise AI capex spend visible to BAM
+ Fee-bearing assets hit $614B in Q1 2026 (+11.8% YoY); fundraising momentum accelerating into largest year ever; asset growth = revenue growth in asset management
+ $21B Q1 2026 fundraising and Boralex acquisition signal sustained M&A and capital deployment; insurance inflows expanding fee revenue streams
+ Infrastructure/renewable energy tailwinds from AI data center demand and net-zero capex; BAM positioned as primary infrastructure capital partner
Key risks
- Valuation cliff: 30.7x P/E limits multiple expansion; market pricing in 20%+ CAGR; underperformance vs. consensus would trigger sharp correction
- Fee compression: if AUM growth slows or market returns weaken, fee revenue could compress despite growing assets under management
- Macro/rate sensitivity: alternative asset fundraising dependent on institutional allocations; recession would reduce LP commitments
- Analyst consensus reflects 15.8% revenue growth 2027-2028; our institutional view assumes higher growth driven by AI infrastructure TAM expansion not yet fully modeled by Street
Methodology · Brookfield Asset Management Ltd. 2030 stock forecast model
Brookfield Asset Management Ltd. 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 18 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 (0% cumulative for BAM by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($1.33B by 2030) |
| 3. Time value | NPV calculated using 11% WACC (CAPM: beta 1.248) |
| 4. Multiple framework | P/S compresses with scale: bear 4.0x / base 8.0x / bull 15.0x |
| 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 20, 2026.
BAM price target FAQ
What is the BAM price target for 2030?
WallStSmart's Brookfield Asset Management Ltd. 2030 base case is $66.40 per share, with a bull case of $125.23 and bear case of $32.79. The NPV of the base case discounted to today at 11% WACC is $40.37.
How is the Brookfield Asset Management Ltd. 2030 stock forecast calculated?
The BAM 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 BAM price target account for dilution?
Brookfield Asset Management Ltd. is projected to grow diluted share count from 1597M to 1597M by 2030 (a 0% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 0%.
What is the analyst consensus on BAM stock?
18 analysts cover BAM with an average 12-month price target of $60.21. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.