Blue Owl Capital (NYSE:OWL) Stock Gets Price Target Boost from The Goldman Sachs Group

Key Points

• Goldman Sachs raised Blue Owl Capital’s price target from $9.50 to $10.50 while maintaining a “neutral” rating, implying 2.64% downside from the prior close.
• Analyst sentiment remains mixed but leans positive: Blue Owl has a consensus “Moderate Buy” rating and an average price target of $13.17, with recent targets ranging from $10.50 to $17.00.
• Blue Owl exceeded quarterly expectations, reporting $0.24 in EPS versus $0.23 expected and revenue of $752.6 million versus a $698.1 million consensus estimate.

Blue Owl Capital (NYSE:OWL - Get Free Report) had its target price lifted by investment analysts at The Goldman Sachs Group from $9.50 to $10.50 in a report released on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. The Goldman Sachs Group's price target suggests a potential downside of 2.64% from the company's previous close.

A number of other research firms have also commented on OWL. Barclays raised their price objective on shares of Blue Owl Capital from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Friday. Piper Sandler boosted their price target on shares of Blue Owl Capital from $12.00 to $13.00 and gave the company an "overweight" rating in a report on Monday. Keefe, Bruyette & Woods raised their price objective on Blue Owl Capital from $9.00 to $10.50 and gave the stock a "market perform" rating in a research report on Friday. BMO Capital Markets dropped their price target on shares of Blue Owl Capital from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 27th. Finally, Citizens Jmp lowered their price target on Blue Owl Capital from $21.00 to $17.00 and set a "market outperform" rating for the company in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $13.17.

Blue Owl Capital Price Performance

NYSE OWL traded up $0.46 during trading hours on Monday, hitting $10.79. The company had a trading volume of 12,057,308 shares, compared to its average volume of 24,627,195. The firm's 50 day moving average is $10.08 and its 200 day moving average is $10.37. The company has a market capitalization of $16.81 billion, a price-to-earnings ratio of 76.76, a P/E/G ratio of 1.26 and a beta of 1.31. Blue Owl Capital has a fifty-two week low of $7.95 and a fifty-two week high of $17.00.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $752.60 million for the quarter, compared to analysts' expectations of $698.10 million. Blue Owl Capital had a return on equity of 24.26% and a net margin of 3.08%. On average, equities analysts anticipate that Blue Owl Capital will post 0.88 EPS for the current year.

Institutional Investors Weigh In On Blue Owl Capital

Several large investors have recently bought and sold shares of OWL. RDST Capital LLC boosted its stake in shares of Blue Owl Capital by 22.1% in the 1st quarter. RDST Capital LLC now owns 7,648,935 shares of the company's stock valued at $69,835,000 after purchasing an additional 1,383,450 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Blue Owl Capital by 2,107.1% during the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company's stock valued at $55,375,000 after purchasing an additional 5,790,400 shares during the period. Bank of New York Mellon Corp bought a new position in Blue Owl Capital in the 2nd quarter worth approximately $54,883,000. Estuary Capital Management LP grew its stake in Blue Owl Capital by 338.9% during the first quarter. Estuary Capital Management LP now owns 4,197,297 shares of the company's stock valued at $38,321,000 after acquiring an additional 3,241,040 shares in the last quarter. Finally, Lalia Capital LLC bought a new position in Blue Owl Capital in the 2nd quarter worth about $34,952,000. Institutional investors own 35.85% of the company's stock.

About Blue Owl Capital

Blue Owl Capital Inc NYSE: OWL is an alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals, and other clients. The company focuses on strategies designed to deliver income, long-term capital appreciation, and customized exposure to private markets.

Blue Owl operates across three primary platforms: Credit, GP Strategic Capital, and Real Estate. Its credit business provides private financing to companies, including direct lending and other asset-backed and specialty finance strategies.

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