Blackstone Stock Outlook: Is Wall Street Bullish or Bearish?

With a market cap of $105.2 billion, Blackstone Inc. (BX) is a global alternative asset management firm specializing in private equity, real estate, hedge funds, credit, and multi-asset strategies. The firm invests across all stages of company growth, from early-stage ventures to large buyouts, and operates worldwide with a focus on diverse sectors including real estate, energy, healthcare, technology, and infrastructure.

Shares of the New York-based company have underperformed the broader market over the past 52 weeks. BX stock has decreased 20.2% over this time frame, while the broader S&P 500 Index ($SPX) has returned 15.5%. Moreover, shares of the company are down 8.3% on a YTD basis, compared to SPX’s 1.9% gain.