KKR Price Prediction Next Week
Based on the provided data and current market conditions, here's the analysis for KKR's stock price prediction for next week:
Technical Analysis
The technical indicators show KKR is in a strong uptrend with RSI at 67.83, indicating bullish momentum but approaching overbought territory. The stock is trading above both its 20-day (151.92) and 60-day (151.59) moving averages, confirming the upward trend. The MACD is positive at 3.03, suggesting continued bullish momentum.
News Sentiment Analysis Recent news indicates several positive catalysts:
- KKR is restructuring its operations by merging infrastructure and real estate divisions under unified leadership, which could improve operational efficiency
- The infrastructure segment posted an impressive 18% return over the past year
- High options trading activity with significant interest in $167.50 strike calls expiring January 31, 2025, indicating bullish sentiment
Price Target Projection Based on Fibonacci levels:
- Support: $142.62
- Current price: $165.53
- Resistance: $169.57
- Extended resistance: $179.86
For next week's trading:
- Base case target: $169.50 (potential 2.4% upside)
- Support level: $163.21
- Stop loss: $162.00
Trading Recommendation BUY with the following strategy:
- Entry: Current market price ($165.53)
- Target: $169.50
- Stop loss: $162.00
- Risk/Reward ratio: 1:1.8
The combination of strong technical indicators, positive news sentiment, and institutional restructuring suggests continued upward momentum. However, traders should be mindful of the approaching overbought conditions and maintain strict stop-loss discipline.
KKR Revenue Forecast
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KKR VS S&P500
KKR, with $470.6 billion in fee-earning AUM at the end of March 2024, is one of the go-to firms for institutional and high-net-worth investors looking for exposure to alternative assets.
The company's ever-increasing scale, diversified product offerings, long track record of investment performance, and strong client relationships position it to perform well in a variety of market conditions.
KKR's large capital commitment to its funds versus peers is an attractive selling point to new limited partners and contributes greater levels of income to distributable earnings.
KKR Analyst's Forecast
Benjamin Budish
Barclays
Buy
Price Target
$166 → $185
Upside
+21.43%
Barclays analyst Benjamin Budish raised the firm's price target on KKR to $185 from $166 and keeps an Overweight rating on the shares. The macro backdrop looks constructive going into 2025 for the brokers, asset managers and exchanges, the analyst tells investors in a research note. The firm is increasingly constructive on the alternative asset managers, where an "unleash" of transacting has been growing and looks set to happen, and brokers, where it sees healthy earnings growth opportunities.
Brian Bedell
Deutsche Bank
Strong Buy
Price Target
$158 → $159
Upside
+1.99%
Devin Ryan
JMP Securities
Buy
Price Target
$150 → $155
Upside
+11.25%