JMP Securities Thinks Blue Owl Capital’s Stock is Going to Recover

JMP Securities analyst Devin Ryan maintained a Buy rating on Blue Owl Capital (OWLResearch Report) on July 12 and set a price target of $18.00. The company’s shares closed last Friday at $10.86, close to its 52-week low of $9.52.

According to TipRanks.com, Ryan is a 5-star analyst with an average return of 12.7% and a 56.4% success rate. Ryan covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, Perella Weinberg Partners, and Oaktree Specialty Lending.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Blue Owl Capital with a $15.29 average price target, implying a 37.4% upside from current levels. In a report issued on June 29, Goldman Sachs also maintained a Buy rating on the stock with a $13.75 price target.

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Blue Owl Capital’s market cap is currently $15.17B and has a P/E ratio of -8.24.

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