Invesco Ltd. (NYSE:IVZ) has recently been highlighted by Jim Cramer as one of the prominent stocks to watch in Q3. During a recent broadcast, Cramer shared his insights on the stock:
“Invesco stands out as a logical choice considering the market’s positive momentum. This is a money management company whose stock has surged by 45% this quarter.”
Image credit to Sergei Tokmakov, Esq. from Pixabay.
Invesco Ltd. (NYSE:IVZ) provides a range of investment management services, including mutual funds, ETFs, private funds, and tailored equity and fixed-income portfolios. On October 2, BofA increased its price target for Invesco’s stock from $23 to $25 while maintaining a Neutral rating. This adjustment reflects a broader trend of increasing price targets among traditional asset managers. Additionally, on September 18, Bill Katz from TD Cowen raised Invesco’s price target while maintaining a Buy rating.
While we recognize IVZ’s potential as an investment, we believe that certain AI-related stocks offer greater opportunities for growth and lower risk. For those seeking an undervalued AI stock that could significantly benefit from trends like onshoring and Trump-era tariffs, check out our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
