Wells Fargo analyst Michael Brown maintains $KKR & Co (KKR.US)$ with a hold rating, and maintains the target price at $152.
According to TipRanks data, the analyst has a success rate of 69.9% and a total average return of 17.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $KKR & Co (KKR.US)$'s main analysts recently are as follows:
The company showcased robust third-quarter results and conveyed an overall positive forecast during the earnings discussion. Analysts note that the firm's outlook on fundraising activities continues to be promising.
Following the Q3 report, the company's main key performance indicators surpassed the general expectations, and management appears to be very positive regarding the near-term pipeline.
The quarter's performance, though possibly not entirely sustainable due to exceptional capital markets results, demonstrates the potential for earnings momentum. It also expedites the journey towards long-term after-tax net income (ANI) goals, which may lead to further multiple expansion.
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.
