KKR (KKR) Stock Forecast & Price Target

KKR reported strong results with end-of-period fee-paying assets under management (FPAUM) and fundraising exceeding expectations, contributing positively to forward fee-related earnings (FRE) estimates. Management fees showed robust growth, increasing by 18% year-over-year in the second quarter of 2025, which underscores the firm’s effective capital raising in private equity and public markets. The outlook for fee-paying AUM remains favorable, bolstered by solid investment returns from balance sheet capital and strategic initiatives, which are expected to enhance book value and earnings growth.

KKR's stock outlook is negatively influenced by the limited transparency associated with its predominantly non-public investments, which raises concerns among potential investors. Furthermore, impending changes in the regulatory and legal environment pose risks that could restrict KKR’s capability to raise capital, execute investments, and realize financial gains. With $686 billion in total managed assets, the challenges of navigating regulatory pressures could significantly impact KKR's operational effectiveness and growth potential.