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​Ameriprise Financial, Inc. (NYSE:AMP) is one of the Most Undervalued High Quality Stocks to Buy Now. On May 4, Piper Sandler analyst Crispin Love raised the firm’s price target on the stock from $460 to $471, while maintaining a Neutral rating on the shares. Earlier, on April 26, Ryan Krueger from KBW reiterated a Hold rating on the stock with a price target of $515.

​The ratings follow Ameriprise’s fiscal Q1 2026 earnings, released on April 23. During the quarter, the company reported $4.77 billion in revenue, reflecting 10.79% year-over-year growth and topping expectations by $75.36 million. The non-GAAP EPS of $11.26 also exceeded the consensus by $1.05. Management attributed the performance to its Advice & Wealth Management segment, which grew pretax adjusted operating earnings by 20% to reach $951 million. Moreover, the assets under management also grew 12% year-over-year to reach $1.7 trillion.

​Analyst Crispin from Piper Sandler noted that the company posted strong results driven by revenue growth and strong operating margins of 28%. Both metrics topped the firm’s expectations, hence the firm increased its price target.

​Ameriprise Financial, Inc. (NYSE:AMP) operates as a diversified financial services company. Its segments include Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.

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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