UBS Reiterates Buy Rating on KKR (KKR), Notes Monetization is Trending Below Consensus
UBS analyst Michael Brown reiterated a Buy rating and $125.00 price target on KKR (NYSE: KKR).
The analyst commented, "For 1Q26, $700M+ of gross monetizations is a healthy result in a tough market backdrop, and while quarter appears to be trending below consensus, market not ascribing much (if any) value to performance fees currently. Thus, a shortfall here is less relevant in our view...Intra-qtr monetization activity of "in excess of $700M" QTD (through 03/23) is tracking below consensus' $868M full quarter estimate (Visible Alpha). If the full quarter monetizations beat the intra-quarter est. by 14.5% (avg since '23 ex. 4Q25 due to Asia carry clawback) that would imply gross monetizations of $801M—closer to, but still below the Visible Alpha (VA) $868M consensus estimate."
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Shares of KKR closed at $90.84 yesterday.
