Barclays Cuts KKR & Co. (KKR) Price Target Amid Mixed Q4 Results, Maintains Overweight Rating

KKR & Co. Inc. (NYSE:KKR) ranks among the best stocks to buy now for long-term growth. Following the release of the company’s fourth-quarter earnings report, Barclays reduced its price target for KKR & Co. Inc. (NYSE:KKR) to $136 from $159 while keeping an Overweight rating on February 6. KKR & Co. Inc. (NYSE:KKR) reported an adjusted net income per share of $1.12, which came in below analyst forecasts of $1.14. However, revenue outperformed projections, reaching $5.74 billion vs. the expected $2.11 billion.

KKR & Co. Inc. (NYSE:KKR) raised $28 billion in funds during the quarter, slightly below average projections. In addition, the company provided details regarding potential upcoming fundraising sources, among them Americas XIII, which is approaching completion, though Asia Private Equity and Global Infrastructure flagship funds continue to be on the market.

KKR & Co. Inc. (NYSE:KKR) management restated its forecast of $7+ earnings per share for fiscal year 2026 during the earnings call, though Barclays points out that this is mostly reliant on realizations rising sharply.

KKR & Co. Inc. (NYSE:KKR) is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit, infrastructure, and real estate, with a significant presence in insurance solutions.

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Disclosure: None. This article is originally published at Insider Monkey.