Piper Sandler cuts KKR target from USD 128 to USD 121 for KKR stock

Published on 10/20/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 revenue was USD 5.73 billion, up 12.50 percent. KKR stock costs EUR 77.72 on October 20, 2026 before the November 9 report.

Recent figures and scheduled date

Piper Sandler reduced its target from USD 128 to USD 121 on October 19, 2026.
Second-quarter 2026 revenue reached USD 5.73 billion, while adjusted EPS was USD 1.63.
KKR stock traded at EUR 77.72 at 10:42 a.m. CEST at Lang & Schwarz on October 20, 2026.

KKR, US48251W1045, Illustration mit AI erstellt.

KKR (ISIN US48251W1045) faced a lower USD 121 price target after MarketBeat reported on October 19, 2026 that Piper Sandler cut its target from USD 128 while maintaining an Overweight rating. The next scheduled results date is November 9, 2026.

Three events shape the picture

KKR's recent sequence shows how deal activity, operating results and analyst expectations are converging. On July 30, 2026, the asset manager reported adjusted earnings per share of USD 1.63 for the second quarter, compared with USD 1.43 expected, alongside revenue of USD 5.73 billion, according to The Cerbat Gem.

On October 5, 2026, KKR announced plans to acquire Gen II Fund Services for more than USD 5 billion from Hg and General Atlantic, according to the KKR investor-relations page. The transaction gives the investment manager another platform in fund administration and supports its broader alternatives strategy.

What does the target cut mean for KKR?

The Piper Sandler revision reduced the target by 5.47 percent, calculated from USD 128 to USD 121, but left the Overweight rating unchanged. The change points to a more cautious valuation view rather than a rejection of KKR's earnings profile.

When is the next report?

KKR's next substantiated date is November 9, 2026, when the company is scheduled to release third-quarter financial results and hold its conference call at 10:00 a.m. ET, according to KKR. The upcoming report will give investors a fresh test of revenue conversion and earnings momentum after the second-quarter beat.

KKR stock price in euros

At Lang & Schwarz, KKR was trading at EUR 77.72 on October 20, 2026 at 10:42 a.m. CEST. KKR is an asset manager focused on private equity, credit, infrastructure, real estate and other alternative investments.

The further course of trading is shown by the continuously updated real-time quote of KKR stock.