KKR Price Prediction Next Week
KKR Stock Price Prediction and Recommendation
Technical Analysis:
KKR's stock is currently showing signs of being oversold, with RSI values of 18.77 (RSI_6), 23.61 (RSI_12), and 25.16 (RSI_14), all below 30. This indicates a potential rebound in the short term. The MACD is bearish at -8.25, but the oversold RSI suggests a possible bounce.
Support and Resistance Levels:
- Fibonacci Support Levels: S1 at 113.47 and S2 at 106.40.
- Fibonacci Resistance Levels: R1 at 136.35 and R2 at 143.42.
News and Fundamental Analysis:
KKR recently upsized its mandatory convertible preferred stock offering, indicating strategic capital raising. However, the stock dropped 15% last week due to market weakness and sector challenges. Analysts have mixed ratings, with a consensus target price of $183, suggesting potential upside.
Price Prediction:
Given the oversold conditions and support levels, KKR's stock is expected to rebound slightly next week, potentially reaching $118.50. However, due to mixed news and technical signals, a cautious approach is advised.
Recommendation:
Sell if the price approaches resistance levels, as the overall market conditions and sector challenges may limit upside. Consider waiting for further confirmation of an uptrend before entering.
KKR Similar Chart Price Prediction
The price of KKR is predicted to go up -4.34%, based on the high correlation periods with KEN. The similarity of these two price pattern on the periods is 98.55%.
KKR
KEN
Down: -4.34%Similarity: 98.55%
KKR Revenue Forecast
KKR EPS Forecast
KKR FAQs
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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
Vikram Gandhi
HSBC
Strong Buy → Hold
2025-01-30
Price Target
$153 → $173
Upside
+3.67%
HSBC downgraded KKR to Hold from Buy with a $173 price target.
Chris Kotowski
Oppenheimer
Buy
2024-12-12
Price Target
$153 → $175
Upside
+12.36%
Benjamin Budish
Barclays
Buy
2024-12-09
Price Target
$166 → $185
Upside
+21.43%
