Blackstone Inc. (BX): Recent Performance and Analyst Outlook
Current Context:
- With a market cap of $101.4 billion, New York-based asset management giant, Blackstone Inc., maintains a widespread presence across Asia, Europe, North America, and Central America. Its segments include Real Estate, Private Equity, Hedge Fund Solutions, and Credit & Insurance.
Recent Performance Overview:
- Stock Performance: Blackstone's shares have suffered a dip, falling 30.8% from its 52-week high of $200.96. The stock has experienced a more pronounced decline of 12.3% over the past three months, compared to the Financial Select Sector SPDR Fund's 1.3% decrease over the same period.
Long-term View:
- Despite temporary setbacks, BX stock has gained 16.6% over the past 52 weeks, despite underperforming the XLF's 23.4% return during the same time frame. However, the stock has been trading below its 50-day and 200-day moving averages since December 2021 and March 2022, respectively.
Recovery Signals:
- On April 17, 2025, Blackstone reported stronger-than-expected Q1 2025 results, driven by robust asset sales and continued credit momentum. The firm's adjusted revenue amounted to $2.8 billion, and adjusted EPS was $1.09, surpassing analyst expectations. Inflows of $61.6 billion, with half going to the credit and insurance segment, contributed to an increase in AUM by 10% to $1.17 trillion.
Competitor Comparison:
- BlackRock, Inc., a competitor of Blackstone, has shown a more favorable year-to-date performance, with a decrease of 4.2% and a 26.3% gain over the past 52 weeks.
Analyst Perspective:
- Despite the stock's underperformance relative to its peers, Blackstone still maintains a “Moderate Buy” consensus rating from 22 analysts’ coverage. The mean price target currently stands at $149.24.
Comparison of Blackstone's Stock Performance with That of Other Financial Sector Stocks
Investing in Blackstone Inc. (BX) might be of interest to those seeking diversification in their business portfolio, given its widespread presence in multiple continents and various finance segments. Despite a recent decline in stock performance, analysts still maintain a "Moderate Buy" consensus for BX, with a mean price target of $149.24, suggesting potential recovery in the future.
