RBC Capital Initiates Blackstone (BX) Coverage with $179 Target on Strong Growth Outlook

Blackstone Inc. (NYSE:BX) is included among the 14 Best GARP Stocks to Buy According to Analysts.

On February 24, RBC Capital analyst Bart Dziarski initiated coverage of Blackstone Inc. (NYSE:BX) with an Outperform rating and a $179 price target. He told investors that Blackstone has a “first-mover advantage” as the first alternatives firm to launch a private wealth team. The analyst added that the company is well-positioned to benefit from long-term retail investor growth. He also pointed to an improving real estate cycle, which is starting to gain momentum and could support future performance.

On February 17, Blackstone announced that funds managed by its perpetual private equity strategy, BXPE, entered into a definitive agreement to acquire Champions Group from Odyssey Investment Partners, LLC. Odyssey and the company’s management will retain a significant minority stake alongside Blackstone. Champions Group provides essential home services focused on residential repair and replacement. The company operates an integrated platform across major metropolitan areas. It employs more than 1,800 field technicians and serves over 150,000 active members.

Its business model centers on membership-based services. The company has built its position by maintaining long-term customer relationships and focusing on consistent service delivery.

Blackstone Inc. (NYSE:BX) is an alternative asset manager with global investment strategies. Its platform spans real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds.

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