01:29 PM EDT, 05/02/2025 (MT Newswires) -- KKR (KKR) remains a "compelling investment" after solid Q1 results, Oppenheimer said Friday in a report.

The earnings report "strikes us as both a very timely example and excellent reminder of the

resilience" of the company's operating model for alternative investments, Oppenheimer said.

"There is significant upside to distributable earnings over time as there is ample room for the real asset and public market platforms to grow and balance sheet investment to be monetized," Oppenheimer said.

Even with turbulence embedded in the company's outlook, "lock-up long-term capital equally allows for calm decision-making and opportunistic deployment of dry powder as deals arise," the report said.

KKR said it has "$116 billion in the dry powder war chest" and is "ready as a firm to play offense," according to the report.

Oppenheimer increased the price target on KKR stock to $143 from $138 and reiterated its outperform rating.

KKR shares rose 2.7% in recent Friday trading.

Price: 117.55, Change: +3.06, Percent Change: +2.67