Key Points:
- HSBC upgrades KKR to a 'Buy', citing the recent dip as a chance for investment.
- Analyst price targets suggest significant upside potential for KKR shares.
- Current brokerage recommendations indicate a strong 'Outperform' status for KKR.
HSBC's Optimistic Outlook on KKR
In a strategic move, HSBC has upgraded KKR & Co Inc's (KKR, Financial) stock rating to 'Buy', identifying the recent selloff as a prime opportunity for investors. KKR has experienced a 29% drop in share value this year, which surpasses the decline seen across broader markets. HSBC projects the stock to reach a price target of $119, translating to a potential upside of 17% based on expected future earnings.
Wall Street Analysts' Predictions
According to price targets from 18 analysts, the average target price for KKR & Co Inc stands at $143.07. This includes a high estimate of $194.00 and a low estimate of $114.00. The average target illustrates a 36.91% upside from the current stock price of $104.50. For more detailed estimates, visit the KKR & Co Inc (KKR, Financial) Forecast page.
Brokerage Recommendations
The consensus recommendation derived from 21 brokerage firms places KKR's average brokerage recommendation at 1.8, translating to an "Outperform" status. These ratings range where 1 represents a Strong Buy and 5 indicates a Sell.
GuruFocus' GF Value Estimate
GuruFocus estimates present a different perspective with a one-year GF Value for KKR & Co Inc at $52.41, suggesting a potential downside of 49.84% from the current stock price of $104.495. The GF Value represents GuruFocus' estimation of the stock's fair value, which is derived from the historical multiples KKR has traded at, alongside both past and anticipated business performance. Further detailed data is available on the KKR & Co Inc (KKR, Financial) Summary page.
