Do Wall Street Analysts Like KKR & Co. Stock?
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
KKR's Financial Performance: KKR & Co. Inc. reported a significant decline in revenue for Q1, down 67.8% year-over-year to $3.1 billion, primarily due to issues in its insurance segment; however, fee-related earnings increased by 23%, and total operating earnings rose by 15.6%.
Analyst Ratings and Price Targets: The consensus rating for KKR among analysts is a "Strong Buy," with a mean price target of $139.89 indicating an 11.7% upside potential from current levels, while Evercore analyst Glenn Schorr set a price target of $130, suggesting a 3.8% increase.
Analyst Views on EVR
Wall Street analysts forecast EVR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVR is 389.87 USD with a low forecast of 342.36 USD and a high forecast of 425.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 372.000
Low
342.36
Averages
389.87
High
425.00
Current: 372.000
Low
342.36
Averages
389.87
High
425.00
About EVR
Evercore Inc. is an investment banking and investment management company. The Company's segment includes Investment Banking & Equities and Investment Management. Investment Banking & Equities includes the investment banking business through which it provides advice to clients on significant mergers, acquisitions, divestitures, shareholder activism, and other strategic corporate transactions, with a particular focus on advising multinational corporations and private equity firms on large, complex transactions. It also provides liability management and restructuring advice to companies in financial transition, as well as to creditors, shareholders, and potential acquirers. Investment Management includes the wealth management business, through which it provides investment advisory, wealth management and fiduciary services for high-net-worth individuals and associated entities, and the private equity business, which holds interests in private equity funds not managed by the Company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
