Goldman Sachs Maintains Buy Rating for Blue Owl Cap: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has reaffirmed its Buy rating on Blue Owl Capital (NYSE:OWL) and increased its price target from $17.75 to $20.25. The stock is currently trading at $17.50, up 0.17% in the last 24 hours. This new price target suggests a potential upside of 15.71%. Blue Owl Capital is an alternative asset management firm with a diverse investor base.
February 12, 2024 | 5:01 pm
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Goldman Sachs maintains a Buy rating on Blue Owl Capital and raises its price target to $20.25, indicating a potential 15.71% upside from the current price.
The reaffirmation of a Buy rating by a prestigious firm like Goldman Sachs, coupled with an increase in the price target, typically signals confidence in the company's future performance. This can lead to increased investor interest and potentially drive the stock price up in the short term, especially given the specific mention of a 15.71% potential upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100