.July 18, 2024 08:02:00 AM

Blue Owl Capital (NYSE:OWL) saw a 2% increase in shares after JPMorgan raised their price target to $19.00. The company is known for excelling in direct lending, general partner solutions, and triple net lease real estate. Analysts believe Blue Owl has potential for growth in assets under management and fee-paying assets. However, the firm’s success is tied to the alternative investment management sector’s overall performance. Despite strong investment products, Blue Owl faces challenges from high valuation multiples and market uncertainties.

Analysts are optimistic about Blue Owl’s recent moves into the insurance sector through acquisitions like KAM and investments in Kuvare. These ventures are expected to drive asset under management and management fee growth. The acquisition of Atalaya is also seen as a strategic move to establish a foothold in the growing alternative credit market.