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Barclays Remains a Buy on TPG (TPG)

Tipranks - Tipranks - Mon May 4, 8:28PM CDT

In a report released on May 1, Benjamin Budish from Barclays maintained a Buy rating on TPG, with a price target of $58.00. The company’s shares closed last Friday at $44.22.

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Budish covers the Financial sector, focusing on stocks such as Robinhood, Apollo Global Management, and CME Group. According to TipRanks, Budish has an average return of 10.0% and a 57.14% success rate on recommended stocks.

In addition to Barclays, TPG also received a Buy from J.P. Morgan’s Ken Worthington in a report issued on April 28. However, on April 21, Morgan Stanley maintained a Hold rating on TPG (NASDAQ: TPG).

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Based on TPG’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $496.15 million and a GAAP net loss of $1.45 million. In comparison, last year the company earned a revenue of $743.33 million and had a net profit of $25.39 million

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