Summary
- Despite no longer being considered a cheap investment, CG stock remains a favorable buy with a price target of $52/share, offering long-term returns and potential upside.
- Carlyle Group has shown consistent outperformance compared to the overall market, with record fee-related earnings and strong financial results.
- Recent M&A activities, including the acquisition of Mediterranean assets, indicate potential for growth and expansion into new markets.
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Dear readers/followers,
In this article, I’ll update my thesis on The Carlyle Group Inc. (NASDAQ:CG), a business I have covered in the past. During my past coverage of Carlyle, I have mostly been able to outperform the overall mean – so too was I able to outperform since the last time I wrote about the business. The last time I covered the company was over a year ago at this point, and my stake in the company is unfortunately small in size. You can find the last article on the company here.
And as you can see, there’s been some outperformance here. Any outperformance to the index is worth highlighting, especially when it’s a result of what I see as investing in undervalued quality. That’s the case here.
