
KKR (KKR) Stock Forecast & Price Target
KKR (KKR) Analyst Ratings
Bulls say
KKR is supported by impressive operating momentum, with Q1/26 YoY growth in fee-bearing capital up 17% to $615 billion, management fees up 30%, FRE/share up 23%, and ANI/share up 21%, underscoring strong demand across private equity, real assets, and credit. Its outlook is also reinforced by a secular fundraising supercycle expected to last through 2027, a diversified platform spanning asset management and insurance, and structural advantages such as a roughly 70% FRE margin after compensation changes in Q1/24. Even though the 2026 $7 ANI/share goal was acknowledged as difficult due to realization timing, the reset in expectations, expanding retail exposure through K-Series and the Capital Group partnership, and a path toward $1T AUM by 2029 support a constructive long-term view.
Bears say
KKR is facing a more cautious fundamental setup because management has said it is unlikely to reach $7 of ANI per share in 2026, as delayed exits and mixed macro conditions temper realization momentum despite a strong 2Q pipeline. The insurance franchise is also a headwind, with Global Atlantic pressured by intensifying US retail annuity competition and spread compression, keeping P/T ROE below 10% through 2027 when fully burdened for SBC and limiting near-term operating earnings growth. In addition, rising share count from co-CEO grants, Arctos, and executive awards, alongside lower realized carry and FRPR growth, leaves 2026 ANI about 2% below consensus and 2027 about 8% below, underscoring weaker leverage to the current backdrop.
This aggregate rating is based on analysts' research of KKR and is not a guaranteed prediction by Public.com or investment advice.
KKR (KKR) Analyst Forecast & Price Prediction
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