Blackstone Group, the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Craig Siegenthaler from Bank of America Securities maintained a Buy rating on the stock and has a $200.00 price target.
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Craig Siegenthaler has given his Buy rating due to a combination of factors that highlight Blackstone Group’s strong position and growth potential. The firm is capitalizing on several long-term trends, such as insurance, retail, and private credit, which are expected to enhance its performance. Additionally, Blackstone’s strategic expansion into various wealth management verticals and international markets is seen as a significant growth driver.
Moreover, Blackstone’s insurance platform stands out due to its non-captive model, which allows for easier international expansion and less exposure to rising liability costs. The real estate sector also presents a favorable outlook, with private real estate prices recovering and a competitive landscape that benefits Blackstone. These factors, combined with expectations of improved fundraising and performance fees, underpin the Buy rating.
In another report released on September 9, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $196.00 price target.