JPMorgan Cuts PT on Blackstone Inc. (BX) to $122 From $158 - Here's Why

Blackstone Inc. (NYSE:BX) is one of the best stocks with huge upside potential to buy according to Reddit.

JPMorgan cut the price target on Blackstone Inc. (NYSE:BX) to $122 from $158 on March 3, maintaining a Neutral rating on the shares. It stated that the company’s BCRED, the largest non-traded business development company and flagship credit wealth product with $82.5 billion of total investments at fair value, indicated Q1 redemption requests for 7.9% of the December 2025 net asset value, highlighting a “notable uptick” from redemption requests of 4.5% Q4. JPMorgan cut the stock’s estimates to reflect the net flows' impact on management fees.

Blackstone Inc. (NYSE:BX) also received a rating update from Barclays on March 2, with the firm cutting the price target on the stock to $126 from $164 while reiterating an Equal Weight rating on the shares. The rating update came after the firm revised estimates across the alternative asset manager group. The firm told investors in a research note that although it is too early to gauge the real AI impact on portfolio companies, Barclays cut business development company-related earnings on lower flow assumptions and realization.

In another development, RBC Capital initiated coverage of Blackstone Inc. (NYSE:BX) with an Outperform rating and a $179 price target on February 23. The firm told investors that Blackstone Inc. (NYSE:BX) holds a “first-mover advantage” as the first alternatives firm to launch a private wealth team, and will be a beneficiary of secular retail growth over the medium-term, coupled with an improving real estate cycle that is gaining momentum.

Blackstone Inc. (NYSE:BX) provides investment and fund management services. The company operates through the following segments: Real Estate, Private Equity, Credit and Insurance, and Hedge Fund Solutions.

While we acknowledge the potential of BX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. Follow Insider Monkey on Google News.