Oppenheimer analyst Chris Kotowski maintains $The Carlyle Group (CG.US)$ with a buy rating, and adjusts the target price from $64 to $85.
According to TipRanks data, the analyst has a success rate of 74.4% and a total average return of 26.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Carlyle Group (CG.US)$'s main analysts recently are as follows:
Following the Q3 report, management has conveyed a positive outlook on the medium-term carry opportunity. However, concerns regarding a shortfall in fundraising, alongside inquiries related to the annual inflow target and projected management fee growth for 2025, are influencing the stock's performance.
Carlyle has faced a multitude of challenges in recent times. However, since the tenure of CEO Harvey Schwartz, which spans approximately 18 months, there appears to be a consistent forward momentum, with the company progressively advancing.
The firm noted that the ambiguity surrounding key performance indicators is expected to moderate the stock's attractiveness to investors.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
