Goldman Sachs analyst Alexander Blostein maintained a Buy rating on Carlyle Group (CG – Research Report) on May 8 and set a price target of $51.75.
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Alexander Blostein has given his Buy rating due to a combination of factors that indicate a positive outlook for the Carlyle Group. The company’s first-quarter results for 2025 exceeded expectations, showcasing record fee-related earnings and strong inflows, particularly in its Real Estate, Credit, and Secondaries segments. Despite a challenging environment, Carlyle Group remains optimistic about achieving its inflow targets for 2025, bolstered by recent reinsurance deals.
Additionally, while management fee growth is expected to be modest compared to peers, the expansion of Carlyle’s Capital Markets business and improvements in fee-related earnings margins are projected to support a compound annual growth rate through 2027. The stock’s current valuation, trading at a significant discount to its peers, suggests potential for multiple expansion if the company successfully scales its non-private equity businesses. This, combined with a strong balance sheet, underpins Blostein’s positive outlook and Buy rating.
According to TipRanks, Blostein is a top 100 analyst with an average return of 19.5% and a 72.50% success rate. Blostein covers the Financial sector, focusing on stocks such as Franklin Resources, Invesco, and Raymond James Financial.
In another report released on May 9, Barclays also maintained a Buy rating on the stock with a $49.00 price target.