Raymond James lowers Blue Owl Capital stock price target on slower wealth channel recovery
Raymond James cut its price target for Blue Owl Capital (NYSE: OWL) to $15 from $20, citing slower-than-expected recovery in wealth channel credit products. The firm adjusted EPS estimates, noting the stock trades at 11x next 12-month consensus EPS. Blue Owl reported Q3 2026 earnings of $0.24 per share, beating estimates, with revenue of $806.53 million and 12% AUM growth. Piper Sandler and Evercore ISI also raised their price targets.
How this was made
The 30-second read
Why it matters
The price target reduction suggests short‑term pressure, but the earnings beat and dividend yield provide a floor for the stock.
Market read
Analyst target changes and earnings beat provide fresh data for traders evaluating OWL.
What to watch
The increase in AUM and strong direct lending returns may offset concerns about wealth channel slowdown.
Background
Blue Owl Capital is an alternative asset manager with a focus on credit and direct lending. Recent analyst actions reflect mixed views on its growth prospects.
Ticker impact
Raymond James cut its price target on Blue Owl Capital to $15 from $20, citing slower wealth channel recovery, and the firm reported Q3 2026 earnings that beat expectations.
likely modest downside as the market prices in the lower target
Analyst downgrade signals weaker growth outlook; investors may sell on the target cut even though earnings were positive.
Market effects
May dampen sentiment in the alternative asset management sector as analysts flag slower wealth channel recovery.
Limited to U.S. markets; no broader regional effect.
Minimal global impact beyond investors in U.S. alternative asset managers.
Counterpoint
Despite the target cut, the earnings beat and strong dividend yield could attract value investors.
Key entities
- AnalystRaymond James
Lowered price target on OWL to $15.
- AnalystPiper Sandler
Raised price target to $13.
- AnalystEvercore ISI
Raised price target to $12.
