Piper Sandler on Abacus Life Inc. (ABL): 'The Defense Continues'

Piper Sandler analyst Crispin Love reiterated an Overweight rating and $12.00 price target on Abacus Life Inc. (NASDAQ: ABL).

The analyst commented: "The Defense Continues; On Thursday, Abacus hosted its investor day in NYC consisting of presentations by CEO Jay Jackson, CFO Bill McCauley, Chief Capital Officer Elena Plesco, and other leaders. It has been a whirlwind week after being targeted in a short report last week and management has faced the allegations head on defending the business, strategy, and outlook. The key takeaways from the day were: (1) Abacus reiterated its 2025 guidance, expects AUM growth and a more balanced revenue model in coming years; (2) There is more supply of life settlement policies than capital Abacus can deploy creating a runway for growth; and (3) Abacus Asset Group will be a key growth driver. We viewed the day as an incremental positive as Abacus' vision remains consistent and the model durable."

For an analyst ratings summary and ratings history on Abacus Life Inc. click here. For more ratings news on Abacus Life Inc. click here.

Shares of Abacus Life Inc. closed at $5.84 yesterday.

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