Capital Markets Recovery and Major Transactions Will Shape Alternative Asset Finance

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

18 Jul 24

Updated

07 Dec 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-11.5%

7D

5.5%

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1Y

-11.5%

7D

5.5%

You can edit this narrative until Dec 8 12:10 AM. Then, changes will post as Updates.

Author's Valuation

US$157.8113.4% undervalued

AnalystConsensusTarget Fair Value

Shared on 07 Dec 25

Fair value Increased 0.42%

KKR: Capital Markets Recovery Will Drive Fee Powerhouse And Earnings Leverage

Analysts have nudged their fair value estimate for KKR slightly higher to about $158 from roughly $157, citing stronger than expected Q3 earnings, resilient fee and fundraising trends, and leverage to a broader capital markets recovery despite some recent target recalibrations across the Street. Analyst Commentary Street research following the Q3 print reflects a generally constructive stance on KKR, with most targets clustering in the mid 140s to mid 160s range and ratings skewed toward positive.

Shared on 22 Nov 25

Fair value Decreased 0.02%

KKR: Fundraising Momentum And Capital Markets Recovery Will Drive Returns Ahead

KKR's analyst price target saw a modest revision, decreasing by $0.03 to $157.14. Analysts cited a mix of strong fundraising, resilient earnings, and ongoing industry headwinds as key factors for their outlook adjustment.

Shared on 07 Nov 25

Fair value Decreased 0.47%

KKR: Capital Markets Recovery Will Support Long-Term Earnings Momentum

Analysts have slightly reduced their price target for KKR by less than one dollar to $157.17. They cite ongoing credit concerns and sector-specific tailwinds as factors in the revised outlook.

Shared on 24 Oct 25

Fair value Decreased 1.67%

Analysts have modestly lowered their price target for KKR by a few dollars to reflect continued sector headwinds. They also acknowledge ongoing capital markets recovery and resilient earnings fundamentals.

Shared on 09 Oct 25

Fair value Decreased 2.36%

Analysts have trimmed their price target for KKR from $166 to $155, citing stronger fee and trading tailwinds. However, they also note ongoing headwinds in secular flows and a modestly higher discount rate.

Shared on 06 Aug 25

Fair value Increased 6.48%

Analysts have raised KKR's price target to $162.30, citing long-term growth opportunities in private wealth, credit, and insurance, improved macro conditions, and sector-wide optimism, despite some caution from bearish analysts regarding near-term performance. Analyst Commentary Bullish analysts cite long-term structural growth opportunities in private wealth, credit, insurance, and capital markets as attractive drivers for KKR.

Shared on 07 May 25

Fair value Increased 48%

Shared on 30 Apr 25

Fair value Increased 0.30%

AnalystConsensusTarget has increased revenue growth from -21.7% to -19.1%.

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 16 Apr 25

Fair value Decreased 14%

AnalystConsensusTarget has decreased future PE multiple from 32.2x to 27.4x.

Shared on 09 Apr 25

Fair value Decreased 5.28%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 24%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Increased 9.58%

AnalystConsensusTarget has increased profit margin from 20.9% to 43.1% and increased future PE multiple from 23.9x to 34.0x.

AnalystConsensusTarget Fair Value

US$157.81

13.4% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

-11.30%

Capital Markets revenue growth rate

0.25%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

9.25%

Calculation

US$8.88b

Earnings '28

x

20.93x

PE Ratio '28

=

US$185.92b

Market Cap '28

US$185.92b

Market Cap '28

/

900.73m

No. shares '28

=

US$206.41

Share Price '28

US$206.41 Share Price '28

Discounted to 2025 @ 9.39% p.a.

=

US$157.68

Fair Value '25