Key Stats for KKR Stockti
- 52-Week Range: $83 to $154
- Current Price: $94
- Street Mean Target: $126
- Street High Target: $153
- Analyst Consensus: 12 Buys / 7 Outperforms / 2 Holds
- TIKR Model Target (Dec. 2030): $195
KKR Beats Q1 EPS by $0.10 and Raises Buyback Authorization by $500 Million
KKR & Co. Inc. (KKR) reported adjusted EPS of $1.39 for Q1 2026, beating the IBES consensus estimate of $1.29, while fee-related earnings crossed $1 billion for the quarter and the firm raised its share repurchase authorization by $500 million.
The $1.13 in FRE per share represented a 23% year-over-year gain — among the highest the firm has ever reported.
Total operating earnings reached $1.47 per share, up nearly 20% from one year ago.
KKR raised $28 billion of new capital in Q1, with credit contributing $15 billion across the platform.
The North America XIV private equity fund closed at $23 billion, eclipsing the prior $19 billion fund.
K-Series wealth AUM stood at over $38 billion at March 31, up around 80% from $21 billion a year earlier, even as private credit headlines generated noise across the industry.
Embedded gains — gross carry plus balance sheet gains across asset management and strategic holdings — totaled $18.3 billion at quarter-end, up 11% year-over-year and at or near record levels.
Co-CEO Scott Nuttall stated on the Q1 2026 earnings call: “Our operating metrics are very steady with consistent growth over a long period of time. The fact is perception of the volatility of our business and industry is disconnected from the lived experience.”
The firm also completed the acquisition of Arctos Partners on the day of its earnings call, adding approximately $16 billion of AUM and $10 billion of fee-paying AUM across professional sports franchise stakes and GP solutions.
KKR did guide that 2026 ANI of $7-plus per share — which would represent roughly 45% year-over-year growth — is now more likely to land below that level, citing a less normalized monetization environment in the first four months of the year.
CFO Rob Lewin framed the shortfall in terms of timing, not magnitude: “Any delayed monetizations that impact 2026 would not be lost as we would expect them to shift to 2027 and beyond.”
The firm also disclosed its forward monetization revenue guide of over $1.2 billion — the largest such figure it has disclosed in any quarter in its history.
Analysts Still See Around 34% Upside in KKR Stock Even After Trimming Targets
Nineteen analysts cover KKR stock, with 12 rated Buy, 7 rated Outperform, and 2 rated Hold — no underperforms or sells.
The Street mean target of $126 implies around 34% upside from the current price of $94.
The Street high target of $153 represents a potential double from the 52-week low of $83.
RBC Capital lowered its target from $132 to $128 following Q1 results but kept its Outperform rating, citing attractive valuation.
UBS raised its target from $113 to $126 and kept its Buy rating.
The thesis driving the bullish majority centers on two recurring earnings streams that now generate 85% of total pretax segment earnings: fee-related earnings and total operating earnings.
Over the trailing 12 months, management fees grew at a high-teens CAGR, diversified roughly equally across private equity, real assets, and credit.
Q2 2026 consensus revenue estimate is around $2 billion, with EPS normalized estimated at $1.39 — flat sequentially, but representing around 18% growth year-over-year.
The risk the Hold-rated analysts cite is straightforward: ANI guidance was trimmed, monetization timing is uncertain, and the 2026 target of $7-plus per share is now likely out of reach.
The case the majority is making is that KKR stock is undervalued precisely because the market is treating a timing issue as a structural one — and the $18.3 billion in embedded gains, along with over $125 billion in committed but uncalled capital, tells a different story about future earnings power.
Is KKR Stock Undervalued in 2026? TIKR’s $195 Target and the One Timing Risk That Keeps It Cheap
TIKR’s base case values KKR at approximately $195 by December 2030, implying around 107% total return from the current price of $94, or roughly 17% annualized over the next 4.6 years.
The mid case assumes around 15% revenue CAGR and around 60% net income margins through 2035, arriving at a stock price of around $311 by December 2034 — a roughly 14.9% IRR.
The key tension is whether delayed monetizations compress the 2026 ANI number enough to reset multiple expectations before the firm reaccelerates in 2027.
If monetization activity remains slower than the budget assumed, the low case produces around $230 by December 2034, a roughly 11% IRR — still a meaningful return from today, just not the headline number.
If the environment normalizes faster and fundraising continues at the current pace, the high case produces around $410 by December 2034, a roughly 19% IRR.
KKR stock is undervalued at $94 against a model that prices in nothing more than continuation of the firm’s demonstrated earnings trajectory: management fees growing at high-teens pace, over 85% of earnings recurring, and a portfolio carrying $18.3 billion in embedded gains that have not yet converted to realized performance income.
Is KKR Stock a Buy Right Now?
According to TIKR’s valuation model, KKR stock is undervalued at its current price of $94, with a mid-case target of around $195 by December 2030 implying around 107% total return and approximately 17% annualized. Nineteen analysts cover the stock with 12 Buys, 7 Outperforms, and no Underperforms, pointing to a Street mean target of $126.
The key risk is ANI timing in 2026, which management acknowledged may land below the $7 target. The driver to watch is whether the forward monetization pipeline of over $1.2 billion converts on schedule.
What Do Analysts Say About KKR Stock?
Nineteen analysts cover KKR, with 12 Buys and 7 Outperforms and a Street mean target of around $126, implying approximately 34% upside from the current price.
The bullish consensus rests on 20% year-over-year growth in FRE, TOE, and ANI in Q1 2026 alongside record embedded gains of $18.3 billion.
RBC and UBS both raised or maintained their constructive ratings after Q1 results. No analyst on the coverage list carries an Underperform or Sell.
What Is the Price Target for KKR Stock?
The Street mean target for KKR stock is around $126, with a high target of $153. TIKR’s base case model puts the mid-case target at approximately $195 by December 2030.
The spread between the Street mean and TIKR’s model reflects different time horizons rather than conflicting views on the business: the Street prices the next 12 months while TIKR’s model prices through a full earnings cycle in which the firm’s $125 billion in committed uncalled capital deploys and converts to carried interest.
Should You Invest in KKR & Co. Inc.?
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