Craig Siegenthaler, an analyst from Bank of America Securities, reiterated the Buy rating on KKR & Co (KKR – Research Report). The associated price target is $214.00.
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Craig Siegenthaler’s rating is based on several positive factors influencing KKR & Co’s future performance. The company is expected to see significant fundraising success in 2025-26, with a variety of flagship funds, such as Global Infra V and Americas XIV, being marketed. Additionally, KKR’s K-Series products are showing substantial growth, contributing to strong asset inflows that are anticipated to exceed recent years and potentially surpass the $300 billion target for 2024-2026.
Furthermore, the Global Atlantic segment, despite recent lower return on equity (ROE) figures, is poised for improvement as it enhances its alternative investments. This strategic shift is expected to boost ROE, paralleling the recovery seen in similar firms. While short-term earnings per share (EPS) estimates have been reduced, long-term EPS projections have increased, supporting a price objective of $214, which implies a 44% return. The confidence in surpassing their 2026 financial targets and the repeatability of successful performance fees contribute to the Buy rating.
Siegenthaler covers the Financial sector, focusing on stocks such as T Rowe Price, Charles Schwab, and AllianceBernstein. According to TipRanks, Siegenthaler has an average return of 19.2% and a 66.87% success rate on recommended stocks.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $189.00 price target.