Blue Owl Capital (OWL) PT Raised to $11 at Wolfe Research, 'shares will likely remain range bound near-term'

Wolfe Research analyst Steven Chubak raised the price target on Blue Owl Capital (NYSE: OWL) to $11.00 (from $10.00) while maintaining a Outperform rating.

The analyst comments "Wolfe View: With OWL shares down meaningfully into the print, we were not surprised the stock outperformed on the day given the beat + constructive outlook commentary supporting upward est. revisions. While we do not believe this name is out of the penalty box yet, the results highlighted the benefits of improved diversification from inorganic expansion in areas such as Alt. Credit, TNL, and Digital Infra which have helped pick up the fundraising slack from the BDCs. With shares trading at ~12.8x our SBC adj. '27 EPS (vs. peers 15.6x), downside risks appear better reflected in the multiple. However, with the latest retail data showing further deterioration in flow trends, shares will likely remain range bound near-term until retail flows begin to stabilize and investors grow comfortable underwriting a durable FRE growth algorithm. Maintain OP Rating. "

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