We recently compiled a list of the 10 Cheap Stocks With Strong Buy Ratings on Wall Street. Ameriprise Financial, Inc. is one of the cheap stocks to buy on our list.
TheFly reported on December 22 that Morgan Stanley analyst Michael Cyprys maintained an Underweight rating on AMP while slightly raising the price target to $485 from $484, reflecting a cautious outlook amid broader financial sector model updates as 2025 concludes.
In contrast, on December 10, BofA Securities raised its price target on Ameriprise Financial, Inc. (NYSE:AMP) to $653 from $592 while maintaining a Buy rating on the shares. Looking ahead to 2026, the firm now favors alternative asset managers over online brokers, citing better valuations, stronger positioning, and a more favorable macroeconomic backdrop, according to the analyst’s note covering the brokers, asset managers, and exchanges sector.
The divergence in analyst views is anchored in the company’s operational performance. On December 18, 2025, AMP was recognized as a top-tier growth prospect, supported by forecasted 12.6% year-over-year earnings growth. The firm also reported an adjusted operating EPS of $9.92 for Q3, exceeding consensus estimates of $9.76, highlighting both revenue strength and effective expense management.
Ameriprise Financial, Inc. (NYSE:AMP) is a diversified financial services firm based in Minneapolis, Minnesota, founded in 1894. It offers wealth and asset management, financial planning, insurance, and annuity services to individuals, institutions, and businesses worldwide.
While we acknowledge the potential of AMP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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