Brookfield Asset Management stock gains on Reliance acquisition and analyst target hike

Published on 09/19/2026 at 10:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Brookfield Asset Management stock drew attention after agreeing to acquire Reliance Worldwide for USD 2.8 billion as of September 19, 2026. Royal Bank of Canada simultaneously maintained an outperform rating with a USD 65 price target, above the recent USD 45.97 close.

BAM, CA1125851040, Illustration mit AI erstellt.

Brookfield Asset Management Ltd. stock (ISIN CA1125851040) recently traded at USD 45.97 on the New York Stock Exchange as of September 18, 2026, after a period of heightened interest driven by a new acquisition agreement and a fresh analyst price target that sits well above the latest close.

Reliance Worldwide deal broadens infrastructure footprint

Brookfield Asset Management has agreed to acquire Australian plumbing manufacturer Reliance Worldwide Corporation in an all-cash transaction valued at about USD 2.8 billion, including debt, expanding its exposure to recurring, repair-based revenue streams in building infrastructure as of September 19, 2026, according to panabee.com.

The acquisition leverages Reliance Worldwide's established position in push-to-connect fittings and repair-focused products, which are used extensively in residential and commercial plumbing projects, as noted by panabee.com; for investors, this provides Brookfield Asset Management with a platform that adds operating scale and a different kind of infrastructure cash flow compared with its traditional funds.

Analyst targets underline upside potential

Royal Bank of Canada recently reaffirmed its positive view, setting a USD 65.00 price target on Brookfield Asset Management stock and maintaining an outperform rating in a research note dated September 18, 2026, according to MarketBeat.

The Royal Bank of Canada target of USD 65.00 implies upside of about 41.41 percent compared with the USD 45.97 trading level mentioned in the research note, highlighting the gap between the current share price and what RBC views as the medium-term fundamental value, as reported by MarketBeat.

The same overview states that Brookfield Asset Management currently has an average Hold rating, with a consensus 12-month price target of about USD 58.65 and individual targets ranging roughly from USD 50 to USD 70, suggesting the RBC target is above the mean but still within the established analyst range, as outlined by MarketBeat.

Piper Sandler trims price target while keeping Neutral

Not all broker commentary is equally optimistic: Piper Sandler recently reiterated its Neutral rating on Brookfield Asset Management stock with a USD 50.00 price target, which was reduced from a prior USD 53.00 target, according to Futunn News.

In a separate note summarized on September 18, 2026, Piper Sandler's USD 50.00 price target was described as implying an upside of about 10.1 percent from the September 17, 2026, close of USD 45.42, underscoring that even a cautious rating still assumes some appreciation potential from current levels, as indicated by TradingView News.

Additional analyst commentary compiled by The Globe and Mail on September 18, 2026, shows that on the Canadian listing Brookfield Asset Management Ltd. (BAM:CA) carries a spectrum of views, with TD Securities maintaining a Buy rating with a CAD 98.00 price target and RBC Capital maintaining an Outperform rating with a CAD 91.00 target, while Jefferies rates the shares Hold with a CAD 55.00 target and BMO Capital rates them Buy with a CAD 58.00 target, according to The Globe and Mail.

Valuation metrics and risk considerations

Beyond traditional broker research, valuation frameworks also point to upside: one overview notes a fair value estimate of USD 57.71 versus a current price of about USD 45.90, implying Brookfield Asset Management shares are roughly 20.5 percent undervalued relative to this metric as of September 18, 2026, according to GuruFocus.

The same analysis highlights that analysts have reiterated a Neutral stance despite the apparent discount to the fair value estimate, reflecting a cautious outlook in light of recent price target adjustments, as described by GuruFocus; for investors, the gap between various price targets, consensus and fair value measures underlines both opportunity and the need to weigh execution risks in acquisitions like Reliance Worldwide.

In addition to company-specific moves, Brookfield Asset Management's role in broader infrastructure projects remains visible, with one broker noting that BAM is part of a USD 6.4 billion project financing package in partnership with Bloom Energy for data centers serving clients such as Meta Platforms and American Tower, as outlined by TipRanks/The Fly; this underscores the company's positioning at the intersection of energy infrastructure and digital platforms, but also ties its fortunes to large, capital-intensive projects where cost overruns or slower demand could dampen returns.

Stock price context and investor takeaway

Shares of Brookfield Asset Management traded up USD 0.55 to USD 45.97 during midday trading on the New York Stock Exchange on September 18, 2026, according to the MarketBeat research note, indicating a daily gain of about 1.2 percent from the previous close referenced in that report, with the USD 45.97 level sitting well below both the USD 50.00 Piper Sandler target and the USD 65.00 Royal Bank of Canada target highlighted in the same period, as reported by MarketBeat.