Carlyle Group Price Target Raised to $71, Stock Beta at 2.05
Barclays maintained its Overweight rating for Carlyle Group and raised the price target from $65 to $71. The stock’s beta of 2.05 reflects 105% higher volatility than the S&P 500, while a 2.38 analyst rating score, backed by seven buys and eight holds, underlines strong confidence.
1. Barclays Maintains Overweight Rating
Barclays maintained an Overweight rating for Carlyle Group and increased its price target to $71 from $65, signaling expected upside potential.
2. Elevated Volatility Profile
Carlyle Group’s beta of 2.05 indicates the stock is 105% more volatile than the S&P 500, appealing to investors seeking higher risk-return profiles.
3. Strong Analyst Confidence
Analyst rating score stands at 2.38 with seven buy ratings, eight holds and one sell, reflecting broad consensus on the stock’s prospects.
4. Trading and Market Metrics
Shares traded at $58.71, up 5.96% on the day, within a $57.67 to $61.22 range, with a market capitalization of $21.16 billion and 3.57 million shares exchanged.