Analyst Michael Cyprys from Morgan Stanley maintained a Buy rating on KKR & Co and keeping the price target at $166.00.
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Michael Cyprys has given his Buy rating due to a combination of factors that highlight KKR & Co’s strong financial performance and strategic positioning. The company reported better-than-expected third-quarter earnings, driven by robust fundraising, deployment, realizations, and fee-related earnings. These results underscore KKR’s advantage from both secular trends in rising allocations and a cyclical recovery in capital markets.
Furthermore, KKR’s diverse exposure across various end markets, including private credit, infrastructure, private wealth, and insurance, positions it well to benefit from ongoing secular tailwinds. The company’s active deployment strategy, with significant investments and a substantial amount of dry powder, supports its growth outlook. Additionally, KKR’s management has expressed confidence in achieving a $7+ EPS target by 2026, bolstered by strong monetization activity and visibility into future realizations.
In another report released on November 3, Barclays also maintained a Buy rating on the stock with a $151.00 price target.
KKR’s price has also changed slightly for the past six months – from $116.210 to $121.320, which is a 4.40% increase.