12:11 PM EST, 02/24/2026 (MT Newswires) -- KKR (KKR) is in the midst of a fundraising cycle expected to last through 2027, supporting growth in fee-related earnings and fee-bearing capital, RBC Capital Markets said Monday in a report initiating coverage of the stock with an outperform rating.

The recent pullback in the stock gives investors an opportunity to buy into one of the leading alternative-asset managers, RBC said. KKR's adjusted net income target of $15 per share is achievable over time, the report said.

RBC highlighted several competitive advantages, including KKR's single compensation pool that encourages collaboration, "a differentiated value creation toolkit," and employee ownership programs at portfolio companies.

KKR is well positioned to raise successive funds that are larger than prior ones, and beyond its flagship offerings, the company expects to bring 30 additional vehicles to market over the next 12 to 18 months, the report said.

RBC has a $137 price target on the stock.

Price: 95.63, Change: +3.44, Percent Change: +3.73