In a report released yesterday, Brennan Hawken from UBS upgraded Blackstone Group (BX – Research Report) to a Buy, with a price target of $180.00.
Brennan Hawken has given his Buy rating due to a combination of factors that highlight Blackstone Group’s strong market position and growth potential. The recent 27% decline in Blackstone’s stock price presents an attractive entry point for investors, as the company maintains structural and scale advantages in the alternatives market. Despite concerns over redemption restrictions in their real estate investment trust, Blackstone’s dominant market position remains unchanged, supported by proactive management and positive investor experiences.
Furthermore, Blackstone’s strategic investments in distribution and product innovation have strengthened its competitive edge, leading to anticipated mid-teens growth in fee-related earnings through 2026. The company’s retail fundraising efforts are expected to double, and the diminishing headwinds in their real estate business suggest potential contributions to fee-related performance revenues. Additionally, Blackstone’s credit segment shows sustainable growth momentum, with significant credit flows and the upcoming launch of new products expected to diversify and expand their offerings.
In another report released on March 12, TD Cowen also maintained a Buy rating on the stock with a $233.00 price target.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BX in relation to earlier this year.
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