Abacus Global jumps after lifting annual profit outlook

Alternative asset management firm Abacus Global's ABL.O shares jump 9.5% to $6.03

ABL late Thursday lifted FY 2025 annual adjusted profit outlook after strong Q2 results

"Strong performance was driven by robust demand for policyholder liquidity, as well as increased inflows for our new asset management offerings," CEO Jay Jackson said

Northland Capital analyst Mike Grondahl says it was a strong quarter for ABL, and it sounds like momentum has continued into a seasonally stronger 2H25

"Diversification of its revenue streams over time will continue to make the company unique in the alternative asset management space," Grondahl says

All five brokerages covering stock rate it at "buy" or higher; median PT $14 - data compiled by LSEG

As of last close, ABL stock down 29.8% YTD