UBS Assumes TPG Inc. (TPG) at Buy

UBS analyst Michael Brown assumes coverage on TPG Inc. (NASDAQ: TPG) with a Buy rating and a price target of $82.00.

The analyst comments: "We are assuming coverage of TPG with a Buy. We believe TPG is at an inflection point, offering unmatched growth potential and peer leading growth trajectory through 2029. We also see potential for margin expansion beyond consensus expectations (implying 2- 3% EPS upside), supporting multiple expansion over time. TPG currently trades at a notable five turn discount to large-cap, balance-sheet-light peers, creating an attractive entry point for this long-term mid-cap compounder. Specifically, we expect 2026E– 2027E fundraising to drive a 23% FRE/sh CAGR from 2025E–2028E, supported by 17% mgmt. fee CAGR and 900bps+ margin expansion through 2029E—positioning TPG for leading FRE growth among alts. Overall, we remain positive on: (1) stronger growth from broader products/channels; (2) a differentiated PE platform; and (3) rising PE/RE activity as rates fall."

For an analyst ratings summary and ratings history on TPG Inc. click here. For more ratings news on TPG Inc. click here.

Shares of TPG Inc. closed at $67.57 yesterday.

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