KKR & Co. Inc.

(New York Stock Exchange)
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Slightly Bullish +25

TD Cowen cuts target for KKR stock from USD 118.00 to USD 103.00

Acquisition Analyst downgrade AI-generated analysis

πŸ“‰ TD Cowen cut KKR's price target from USD 118.00 to USD 103.00 on October 12, 2026, while keeping a Hold rating.

πŸ’° KKR reported second-quarter revenue of USD 5.73 billion, marking a 32.61% year-over-year increase from Q1 2026.

πŸ“ˆ Net income for the quarter reached USD 660.1 million with diluted earnings per share of USD 0.70.

πŸ’΅ The company generated USD 3.25 billion in operating cash flow during the second quarter of 2026.

🀝 KKR agreed to acquire Gen II Fund Services for more than USD 5 billion from Hg and General Atlantic on October 5, 2026.

⚑ The firm expanded a joint venture with TotalEnergies to include a 700 MW U.S. renewables portfolio.

πŸ“Š KKR's market capitalization stood at USD 76.8 billion as of October 15, 2026.

πŸ“… The stock is trading at EUR 76.55 with a 52-week range between USD 82.67 and USD 144.84.

πŸ—“οΈ KKR is scheduled to release its next earnings report on November 9, 2026, before the market opens.

🏒 The company operates in the Financial Services sector with a focus on Asset Management.

Bullish Signals
  • KKR reported second-quarter revenue of USD 5.73 billion, a substantial 32.61% increase from the first quarter.
  • The company generated net income of USD 660.1 million and diluted earnings per share of USD 0.70 in Q2 2026.
  • KKR produced strong operating cash flow of USD 3.25 billion during the second quarter.
  • The firm secured a major agreement to acquire Gen II Fund Services for over USD 5 billion, expanding its fund administration capabilities.
  • KKR is growing its infrastructure activity by adding a 700 MW U.S. renewables portfolio through a joint venture with TotalEnergies.
Risk Factors
  • TD Cowen lowered its price target from USD 118.00 to USD 103.00, indicating a reduced analyst valuation multiple.
  • The new analyst target of USD 103.00 sits below the previous level and may pressure investor sentiment despite strong operational results.
Full Analysis
TD Cowen has lowered its price target for KKR from USD 118.00 to USD 103.00, maintaining a Hold rating as of October 12, 2026. This analyst adjustment reflects a more conservative valuation outlook despite the company's recent operational strength and strategic expansion efforts in alternative assets. KKR reported robust second-quarter financial performance with revenue reaching USD 5.73 billion, representing a significant 32.61% increase from the first quarter of 2026. The firm generated net income attributable to common shareholders of USD 660.1 million and diluted earnings per share of USD 0.70, alongside strong operating cash flow of USD 3.25 billion. Strategically, KKR is expanding its footprint through major acquisitions and partnerships, including a USD 5+ billion agreement to acquire Gen II Fund Services from Hg and General Atlantic in early October. Additionally, the firm is growing its infrastructure portfolio via a joint venture with TotalEnergies to add a 700 MW U.S. renewables project. As of mid-October 2026, KKR stock traded at EUR 76.55 against a market capitalization of USD 76.8 billion. The company is scheduled to report its third-quarter results on November 9, 2026, which will be critical for assessing whether the strong second-quarter momentum and cash generation can be sustained.