Morgan Stanley (NYSE:MS) analyst Michael Cyprys maintained a Buy rating on Hamilton Lane (NASDAQ:HLNE) Inc on Tuesday, setting a price target of $80, which is approximately 17.60% above the present share price of $68.03.
Cyprys expects Hamilton Lane Inc to post earnings per share (EPS) of $0.72 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Hamilton Lane, with an average price target of $68.
The analysts price targets range from a high of $74 to a low of $60.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $76.93 million and a net profit of $33.62 million. The company's market cap is $3.48 billion.
According to TipRanks.com, Morgan Stanley analyst Michael Cyprys is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.7% and a 55.97% success rate.
Hamilton Lane, Inc. is a holding company, which engages in the provision of private markets investment solutions. The firm works with clients to conceive, structure, build out, manage, and monitor portfolios of private markets funds and direct investments. It also offers the following solutions: customized separate accounts; specialized funds; advisory services; distribution management; and reporting, monitoring, data, and analytics. The company was founded in 1991 and is headquartered in Bala Cynwyd, PA.