Oppenheimer has revised its price target for KKR (KKR, Financial), reducing it from $169 to $138. Despite this adjustment, the firm maintains an Outperform rating for the company's shares. This update forms part of a first-quarter preview focused on alternative asset managers.
According to the analyst, alternative asset managers such as KKR boast some of the most robust business models not only within the financial services sector but potentially across all industries. This suggests strong confidence in the underlying strength and future prospects of these firms, despite the altered price target.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for KKR & Co Inc (KKR, Financial) is $143.07 with a high estimate of $194.00 and a low estimate of $114.00. The average target implies an upside of 37.26% from the current price of $104.23. More detailed estimate data can be found on the KKR & Co Inc (KKR) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, KKR & Co Inc's (KKR, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for KKR & Co Inc (KKR, Financial) in one year is $52.41, suggesting a downside of 49.72% from the current price of $104.23. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the KKR & Co Inc (KKR) Summary page.
