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UBS has upgraded Blackstone's stock rating from Neutral to Buy, setting a target price of $180, citing the stock's current undervaluation at $140.89. The firm’s resilience amid redemption concerns and impressive revenue growth of 64.79% over the past year bolster this outlook, alongside a strong dividend yield of 4.09%. Blackstone's recent $8 billion fundraising for a commercial real estate debt fund and plans to expand its assets in India further highlight its strategic positioning in various sectors.
UBS analyst Brennan Hawken upgraded Blackstone's stock rating from Neutral to Buy, setting a price target of $180, citing the recent 27% drop in shares as a buying opportunity. Blackstone's strong market position, impressive revenue growth of 64.79%, and strategic investments in distribution and product innovation are expected to drive significant growth in fee-based earnings through fiscal 2026.Additionally, Blackstone raised $8 billion for a commercial real estate debt fund, reflecting its active role in the market, while CEO Stephen Schwarzman expressed support for US tariffs to enhance manufacturing growth and plans to double assets under management in India.
Texas's newest solar farm has a nameplate capacity of 875 MW, with 85% allocated to power Google data centers, raising concerns about the increasing energy demands of AI technologies. At a recent conference in Riyadh, industry leaders warned that electricity use could surge by 40% in the next decade, potentially straining global grids. As tech giants explore nuclear and renewable energy sources, the rush to support data centers may divert resources from meeting the needs of ordinary consumers.
Tim Sheehy, a Republican Senate candidate, faces scrutiny as his aerial firefighting company, Bridger Aerospace, has accumulated $180 million in losses over five years. Despite portraying Bridger as a success story, the company has violated debt covenants and its auditors have raised concerns about its financial viability. With a significant portion of its funding used to pay off previous investors, Bridger's future remains uncertain as it approaches the end of the fire season.
Blackstone and Brookfield are vying for dominance in India's booming asset management sector, leveraging ties with billionaires like Mukesh Ambani. Both firms have made significant investments, with Blackstone focusing on commercial real estate and Brookfield excelling in operational efficiency. As India shifts towards renewable energy, competition intensifies, with both firms eyeing opportunities in this emerging market.
French President Emmanuel Macron met with top Wall Street executives during the UN General Assembly to discuss France's financial challenges and potential tax increases. He emphasized the need for fiscal consolidation amid a projected deficit exceeding 6% this year, while promoting France as an attractive investment destination. Macron's proactive engagement comes as his government aims to reduce the deficit to 5% by 2025 through spending cuts and temporary tax hikes on large companies and wealthy individuals.
Stephen Schwarzman
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ubs upgrades blackstone to buy with target price of 180 dollars
06:54 17.03.2025
ubs upgrades blackstone to buy with price target of 180 dollars
06:50 17.03.2025
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