Jefferies, the US investment bank, has raised to 530p its price target for AJ Bell PLC (LSE:AJB), which it notes is the only UK-quoted wealth management platform since the take-private of rival Hargreaves Lansdown.
This marks a 16% potential increase from the current share price of 457p.
Jefferies also reiterated its 'buy' recommendation, citing strong growth prospects in both advisor-based and direct-to-consumer (D2C) markets.
AJ Bell operates platforms that help people invest and manage their savings, benefiting from trends like increasing pension contributions and tax incentives for savers.
Jefferies highlighted the company's solid financials, including expected profits of £117 million in 2025, reflecting a 6% upgrade from its estimates.
AJ Bell's growing market share and efficient operations were noted as key strengths driving its success.