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Stock impact report

RBC Capital Maintains Bullish Outlooik on TPG (TPG) [Yahoo! Finance]

TPG Inc. - Class A (TPG) 
Company Research Source: Yahoo! Finance
On March 4, RBC Capital maintained its Outperform rating and $59 price target on TPG Inc. (NASDAQ:TPG) ahead of the company's artificial intelligence event. The investment firm maintained its positive stance on the alternative asset manager as TPG Inc. (NASDAQ:TPG) prepares to host a sell-side AI teach-in, which is expected to provide investors with additional data points and comfort around TPG's AI and software exposure and how the company is navigating the current environment. In its report, RBC Capital noted that TPG Inc. (NASDAQ:TPG) stock had declined approximately 30% since the AI and software narrative entered markets, with shares down 30% year-to-date and trading 37% below their 52-week high of $70.38. RBC Capital added that the setup into the teach-in skews favorably for investors. Meanwhile, on March 2, Barclays lowered its price target on TPG Inc. (NASDAQ:TPG) to $56 from $69 while keeping an Overweight rating on the shares. The analyst said that while it is too early Show less Read more
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