In a report released today, Michael Cyprys from Morgan Stanley maintained a Buy rating on KKR & Co, with a price target of $150.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Michael Cyprys has given his Buy rating due to a combination of factors including an optimistic macroeconomic environment and a recovery in capital markets. The easing of tariffs and a rally in equity markets have contributed to a more favorable backdrop, which is expected to enhance deal-making activities and boost CEO confidence. This positive shift is likely to reignite the private markets’ momentum, thereby supporting a strong earnings outlook for KKR.
Additionally, KKR’s diverse exposure across various sectors such as private credit, infrastructure, private wealth, and insurance positions it well to capitalize on long-term growth trends. With expectations of significant growth in assets under management and performance fees, KKR is projected to achieve substantial earnings per share growth over the coming years. Despite recent underperformance relative to peers, the anticipated increase in capital markets activity suggests a potential rebound in KKR’s stock, reinforcing confidence in upward earnings revisions.
In another report released on June 30, Piper Sandler also initiated coverage with a Buy rating on the stock with a $150.00 price target.