New York, Feb 10, 2026, 14:36 EST — Regular session
- KKR shares rose about 0.2% Tuesday afternoon after a 3.96% gain on Monday.
- CFO Rob Lewin struck a cautious tone on the macro outlook while pointing to a better 2026 pipeline and reaffirming a $7-plus profit target.
- Investors are watching Lewin’s 2:40 p.m. ET appearance at a Bank of America Securities conference for fresh detail.
KKR & Co Inc (KKR) shares were up about 0.2% at $107.45 on Tuesday afternoon, drifting off a session high of $109.50. About 4.6 million shares had changed hands.
The alternative asset manager has been a quick read on risk appetite as traders weigh the outlook for interest rates and deal activity, the engines for fee growth at buyout firms. A run of U.S. data is due in the next few sessions — including a delayed December retail sales report — with the 10-year Treasury yield around 4.17%. 1
At a UBS Financial Services Conference on Monday, CFO Rob Lewin told investors KKR’s pipeline into 2026 looked better than it did a year ago and that more transactions should get done. “It’s probably as nuanced a moment we’ve had in the broader macro space in a long, long time,” he said. Lewin also reiterated a $7-plus-per-share adjusted net income target for 2026 and pointed to faster management fees and capital raising over the last two years. 2
Adjusted net income is a company-defined profit figure that strips out some mark-to-market swings; it is meant to track the earnings KKR can reinvest or distribute. Investors also watch performance fees — a cut of investment gains — which tend to rise when exits and deal volumes improve.
KKR shares jumped 3.96% on Monday to close at $107.29 as the broader market climbed, and the stock beat gains in Blackstone, Morgan Stanley and Goldman Sachs. Volume hit 11.7 million shares and KKR still sat about 30% below its 52-week high, according to MarketWatch data. 3
MT Newswires reported HSBC cut its KKR price target to $136 from $144 on Tuesday, while keeping a buy rating. 4
But the stock has been whipsawed by worries that a new bout of market volatility could freeze exits and slow fundraising, squeezing performance-related income. A move higher in yields or wider credit spreads would not help: both tend to pressure private-market valuations.
Investors get another look at management later Tuesday, with Lewin scheduled to present at the Bank of America Securities Financial Services Conference at 2:40 p.m. ET, according to KKR’s investor relations site. Traders will be listening for colour on fundraising in private wealth and how fast KKR plans to put capital to work if markets wobble again. 5
