Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 26 Nov, 25 | BX | Buy | USD 143.5 | USD 151.0 | USD 162.0 | 40 days | Closed |
13.49%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Blackstone Inc. is an alternative asset management firm specializing in private equity, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage, seed, middle market, mature, late venture, growth capital, emerging growth and later stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts, recapitalization, special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, cargo, data processing, oil & gas production, oil & gas refining, oil & gas storage, building products, home entertainment, B2B, consumer electronics, home supply store, lodging, commercial services & supplies, metal & mineral mining machinery, coal, hazardous waste collection, solid waste collection, waste water treatment, renewable electricity, equity REITs, power generation by nuclear & fossil fuels, personal loan services, chemcials, other specialty retail, biotech, pharmaceuticals, metal, aerospace, healthcare, cable, entertainment services, infrastructure services, transportation infrastructure, exhaust, life scienc
Strong Fee Earnings: Fee Related Earnings reached USD 1.5 bn in Q3 and USD 6.0 bn LTM, demonstrating resilient recurring profitability
Record AUM Growth: Total AUM climbed to USD 1.24 trillion (+12% YoY) with USD 54.2 bn inflows, underscoring broad platform momentum
Large GAAP Net Loss Drivers in Portfolio: Real estate opportunistic funds posted –0.6% quarterly and –5.2% LTM declines, pressuring segment valuations
Moderating Realizations: Realizations fell to USD 30.6 bn in Q3 and USD 105.3 bn LTM, lower than deployment trends and signaling weaker exit markets
Real-estate softness, slower exits, rate-sensitive leverage, and potential fundraising slowdown
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 143.5 | 130.0 | 151.0 | 162.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Earnings and Performance Highlights: Blackstone reported a robust third quarter for FY25, delivering Fee Related Earnings (FRE) of USD 1.5 billion (USD 1.20/share) and Distributable Earnings (DE) of USD 1.9 billion (USD 1.52/share). On a last-twelve-months basis, FRE reached USD 6.0 billion, while DE totaled USD 7.0 billion. Net Accrued Performance Revenues stood at USD 6.5 billion (USD 5.30/share), reinforcing the firm’s strong earnings capacity across market cycles.
Assets Under Management and Capital Activity: Total AUM increased to USD 1.24 trillion, representing a 12% year-over-year expansion, supported by USD 54.2 billion of quarterly inflows and USD 225.4 billion over the last twelve months. Fee-Earning AUM rose to USD 906.2 billion, up 10% year-over-year, while Perpetual Capital AUM reached USD 500.6 billion, a 15% annual increase. During the quarter, Blackstone deployed USD 26.6 billion, realised USD 30.6 billion, and committed an additional USD 24.2 billion yet to be deployed.
Segment-Level Capital Flows: Across major investment verticals, quarterly inflows totaled USD 54.2 billion, led by Credit & Insurance (USD 36.0 billion), Private Equity (USD 10.8 billion), and Real Estate (USD 3.8 billion). Capital deployed for the quarter amounted to USD 26.6 billion, with notable allocation in Private Equity (USD 5.6 billion) and Credit & Insurance (USD 16.7 billion). Realisations reached USD 30.6 billion, including strong contributions from Real Estate, Private Equity, and Tactical Opportunities, underscoring liquidity generation and disciplined exit execution.
Capital Returns and Shareholder Distributions: Blackstone announced a USD 1.29 per-share dividend for Q3 FY25, contributing to USD 4.69 per-share in dividends over the last twelve months. The firm repurchased 0.2 million shares during the quarter and 0.9 million shares over the LTM. In total, USD 1.6 billion will be returned to shareholders for the quarter, with USD 6.2 billion distributed over the LTM through dividends and share repurchases, reflecting strong cash-flow generation and capital-return discipline.
Based on Blackstone Inc.’s (NYSE:BX) Q3 FY25 updates—highlighting USD 225.4 billion LTM inflows, USD 137.6 billion LTM capital deployment, USD 105.3 billion LTM realizations, strong performance across private equity, credit & insurance, and infrastructure segments, and rising perpetual capital AUM of USD 500.6 billion, a ‘Buy’ recommendation has been given on the stock at the closing market price of USD 143.50, as of November 26, 2025 at 7:40 am PST
Data Powered by EOD Historical Data (“EODHD”).
Sector: Financial Services Industry: Asset Management
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | |
|---|---|---|---|---|---|---|---|---|
| BX Blackstone Group Inc |
-7.15 5.06% | 134.13 | 44.45 | 29.85 | 14.38 | 14.06 | 11.73 | |
| BLK BlackRock Inc |
-49.34 4.41% | 1070.32 | 23.92 | 21.23 | 8.04 | 3.78 | 7.54 | 16.86 |
| APO Apollo Global Management LLC Class A |
-6.58 4.94% | 126.61 | 18.23 | 20.92 | 3.08 | 6.11 | 2.73 | 14.76 |
| IVSXF Investor AB (publ) |
- -% | 38.90 | 20.83 | - | 0.88 | 1.11 | 10.01 | 1.68 |
| IVSBF Investor AB ser. B |
0.23 0.58% | 39.00 | 20.14 | - | 0.88 | 1.08 | 10.01 | 1.68 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on November 26, 2025. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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