Blackstone: A Discounted Opportunity

Westgrove Research80 FollowersFollow5ShareSavePlay(11min)Comment(1)SummaryBlackstone is rated Buy, trading 45% below its 2024 peak despite record earnings and resilient fundamentals.Private credit risks are overstated; institutional capital remains sticky, and net outflows are modest, with no systemic threat to the economy.BX reported 16% YoY private wealth AUM growth, $1.3tn total AUM, and record fundraising, with management guiding for stable margins and solid fee growth in 2026.Pending US rules to expand alternatives in 401(k) plans could unlock significant upside, positioning BX to capture new fundraising channels. JHVEPhoto/iStock Editorial via Getty Images I am initiating a Buy recommendation on Blackstone Inc. (BX). The stock is currently trading around $109, down from a peak of roughly $199 in November 2024, a drop of about 45%. The stock is down -29.3% year-to-date as ofThis article was written byWestgrove Research80 FollowersFollowFormer buy-side equity analyst covering Asia Pacific equities with a decade of experience under my belt. I employ a fundamental bottom-up approach with a macroeconomic overlay to identify stocks that are set to benefit from broader trends globally. I focus mainly on Financials, Industrials and Consumer Discretionary sectors. I started writing on Seeking Alpha to share my thoughts and shine a light on Asian equities listed in US markets. Asian equities (ex-China) are often times overlooked and under-allocated in investor equity portfolios and i hope my articles help to expand your investment universe!Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.