Blackstone: Global Dealmaking Recovery Accelerates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy BX?
Source: Benzinga
- Recovery of Deal Cycle: Blackstone's COO Jonathan Gray stated that the global deal cycle has hit 'escape velocity', with accelerating IPO and M&A activities indicating a market resurgence, particularly driven by rising investments tied to artificial intelligence.
- Surge in IPO Activity: According to Blackstone, global IPO issuance surged 40% year-over-year in the fourth quarter, with a staggering 2.5-fold increase in the U.S. market, reflecting strong demand from investors for new public offerings.
- Improved Liquidity: Gray noted that the return of exits is enhancing limited partner liquidity, as capital and gains return, making it easier for limited partners to allocate more capital to Blackstone, thereby reigniting the capital flywheel.
- Earnings Report Performance: Despite reporting fourth-quarter revenue of $3.94 billion, down 5% year-over-year, Blackstone's distributable earnings reached $2.2 billion, exceeding analyst expectations, showcasing the company's resilience in adversity, even as its stock fell by 2.62%.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BX is 176.60 USD with a low forecast of 166.00 USD and a high forecast of 205.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 133.880
Low
166.00
Averages
176.60
High
205.00
Current: 133.880
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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