Blackstone Stock Is a Good Investment, Even in a Downbeat Economy

These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.

Blackstone


BX-NYSE

Overweight • Price $87.83 on Jan. 23

by J.P. Morgan

We are upgrading Blackstone from Neutral to Overweight, with a December 2023 price target of $105. Investors are seemingly aware of the risks to Blackstone’s retail, real estate, and private-equity businesses, largely driven by higher inflation and interest rates.