TD Cowen Reaffirms Its Buy Rating on Ares Management Corporation (ARES) with $205 Price Target

Core Insights - Ares Management Corporation (NYSE:ARES) is recognized as one of the best long-term investment stocks, demonstrating consistent revenue and dividend growth [1] Group 1: Investment Ratings and Price Targets - TD Cowen has reaffirmed its Buy rating on Ares Management Corporation with a price target of $205 following a detailed sell-side teach-in [2] - The company has increased its projections for assets under management and fee-related earnings, indicating strong growth potential [3] Group 2: Financial Performance - Ares Management reported second-quarter 2025 sales of $1.35 billion, which is approximately 30% higher than expectations, although its earnings per share (EPS) of $1.03 were only slightly above the predicted $1.09, reflecting mixed short-term financial results [4] Group 3: Market Position and Growth Areas - Ares is positioned to capture significant market share in large addressable markets estimated to be worth $200 trillion, where it currently holds less than 0.5% [3] - The company focuses on direct lending and private equity investments, with operations spanning the US, Europe, and Asia [4]