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Barchart
Barchart
Dipanjan Banchur

Do Wall Street Analysts Like Blackstone Stock?

Based in New York, Blackstone Inc. (BX), is the world’s largest alternative asset manager and also provides capital markets services globally. Valued at $88.36 billion by market cap, the company has more than $1 trillion in assets under management. The company specializes in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity, and multi-asset class strategies.

Shares of this leading asset management firm have outperformed the broader market over the past year. BX has gained 41.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.2%. However, in 2024, BX stock is down 7.4%, while the SPX is up 11.2% on a YTD basis.

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