KKR & Co. Inc. (NYSE:KKR) is among the stocks Wall Street analysts are watching closely. On November 10, TD Cowen reaffirmed the ‘Buy’ rating on KKR & Co. Inc., while trimming the price target to $146 from $153, implying an upside of nearly 21%. This downward revision of the price target stems from near-term macroeconomic challenges, though the long-term picture remains positive.
The firm is confident about the company’s insurance business, highlighting management’s guidance for ROE to reach 15% through 2028 and FRE per share of at least $4.50.
“As we continue to rotate the book, we would expect the difference between our reported earnings and the earnings on a marked basis to go up in 2026 but come down over time as the portfolio matures,” the management stated.
TD Cowen describes the company’s third-quarter results and conference call as a “clearing event” for the stock. During the call’s question-and-answer session, KKR & Co. Inc. increased its realization projection to $1 billion from $800 million. Throughout the call, management highlighted the record-breaking management fees, fee-related earnings, and adjusted net income over the last 12 months.
While KKR & Co. Inc.’s stock performance has been disappointing year-to-date (down over 20%), it currently enjoys a strong Buy opinion from analysts, with a consensus 1-year median price target still indicating a potential upside of 30%.
KKR & Co. Inc. is a New York-based private equity and real estate investment firm engaging in direct and fund-of-fund investments. Founded in 1976, the company is dedicated to generating strong investment returns.
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