Piper Sandler raised the firm’s price target on Blue Owl Capital to $22 from $20 and keeps an Overweight rating on the shares. Blue Owl has had a fast start to 2024 with shares up 20%+ year-to-date, but there is more runway and Piper Sandler views Blue Owl as the largest beneficiary of the private credit boom in its coverage given its recent and expected growth trajectory, the analyst tells investors in a research note.
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Read More on OWL:
- Blue Owl Capital Inc’s New Share Price & Shareholder Rights Risk – A Cause for Worry?
- Blue Owl Capital Corporation Reports Full Year Results and Fourth Quarter Net Investment Income Per Share of $0.51 and NAV Per Share of $15.45; Increases Quarterly Dividend
- Blue Owl Capital Corporation III Reports Full Year Results and Fourth Quarter Net Investment Income Per Share of $0.58 and NAV Per Share of $15.56
- Blue Owl Capital price target raised to $20 from $17 at Deutsche Bank
- Blue Owl Capital price target raised to $18 from $17 at Evercore ISI
