Blackstone retains a buy rating as its fundamentals remain strong despite recent concerns in private credit and stock underperformance since January. The company saw inflows rise to $68.5 billion in Q1, with a 22% year-over-year increase in Credit & Insurance inflows, and holds $213.3 billion in dry powder, positioning it well for future opportunities. Fee-related earnings increased 23% to $1.55 billion, distributable EPS rose 25% to $1.36, and operating expenses were controlled. Blackstone is also aggressively expanding into AI with a $160 billion data center pipeline and the launch of Blackstone N1, boosting its long-term growth prospects.
Anthropic has launched Ode, a $1.5 billion AI implementation company formed through a joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and others. Ode builds on the acquisition of Fractional AI, focusing on deploying elite AI enginee...
Williams Companies secured a $5.34 billion investment from Blackstone for AI-driven Power Innovation projects, reducing its capital needs while retaining 51% ownership. CIBC adjusted its price target to $83, suggesting potential stock price upside fr...
Blackstone Inc. is viewed as a high-quality asset manager trading at a discounted valuation with a 3.8% dividend yield. The company benefits from favorable industry trends like rising inflation, global wealth growth, demographic changes, and AI infra...
