EarningsTPG reported solid 1Q24 earnings, which included a headline EPS beat and generally healthy underlying trends.
Growth OutlookAnalyst upgrades TPG to Overweight with a new price target of $52, implying a 22% potential upside, reflecting confidence in the company's growth trajectory.
ValuationShares of TPG are seen as undervalued, trading at 16x P/E on 2025 earnings, which is a discount compared to the historical average of 19.4x and peer average of 22x.