Goldman Sachs cuts target for Artisan Partners stock to USD 31

Published on 10/05/2026 at 00:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 307.91 million versus USD 301.32 million expected. For Artisan Partners stock, this means USD 183.50 billion in August client assets.

APAM, US04316A1088, Illustration mit AI erstellt.

Artisan Partners (US04316A1088) faces a lower Goldman Sachs valuation benchmark after the bank cut its price target from USD 35.00 to USD 31.00 on October 2, 2026. According to Markets Insider, Goldman Sachs kept its Sell rating on the shares. The change places the latest target below the USD 34.88 NYSE quote recorded on October 2, 2026.

Goldman target falls to USD 31

The target reduction is the clearest current analyst signal for APAM. It contrasts with the broader picture reported by MarketBeat on September 16, 2026, when Zacks Research upgraded Artisan Partners from strong sell to hold and cited an average target of USD 38.00.

That dispersion matters because the company delivered a second-quarter 2026 revenue result of USD 307.91 million against consensus of USD 301.32 million. Revenue therefore exceeded the cited estimate by USD 6.59 million, while adjusted earnings per share reached USD 0.94 versus USD 0.91 expected, according to MarketBeat.

August AUM reached USD 183.50 billion

Scale remains the central support for the asset manager. Artisan reported preliminary assets under management of USD 183.50 billion as of August 31, 2026, including USD 94.50 billion in Artisan Funds and Artisan Global Funds and USD 89.00 billion in separate accounts and other assets, as reported by MarketScreener.

The same August update disclosed that roughly USD 6.00 billion was expected to move away from the Global Value strategy in September 2026 after a sub-advisory client changed its mandate structure. The anticipated revenue effect was lower than the AUM reduction because of the fee structure, according to StockTitan.

NYSE range keeps the risk visible

APAM was last at USD 34.88 on the NYSE on October 2, 2026 at 4:00 p.m. EDT. Its market capitalization was USD 2.5 billion, and the 52-week range was USD 33.96 to USD 46.53 on the same market snapshot.

The balance between operating scale and client-flow pressure explains the split in analyst views. Artisan also entered a USD 150.00 million five-year revolving credit facility on September 23, 2026, replacing a USD 100.00 million facility, according to StockTitan.