Blackstone Slips to 80th in Daily Market Rankings Amid 15.58% Three-Day Decline

On April 7, 2025, Blackstone (BX) experienced a decline of 0.31%, marking its third consecutive day of losses, with a total decrease of 15.58% over the past three days. The trading volume for the day was 16.59 billion, placing it 80th in the daily market rankings.

Blackstone recently announced the final close of its latest real estate debt fund, Blackstone Real Estate Debt Strategies. This fund is part of the company's ongoing efforts to expand its real estate investment portfolio and capitalize on opportunities in the debt market.

In a significant development, Rogers Communications has signed a definitive agreement with Blackstone for an equity investment deal worth 7 billion Canadian dollars. This partnership is expected to strengthen Blackstone's presence in the telecommunications sector and provide new avenues for growth.

Barclays analyst Benjamin Budish maintained a Hold rating on Blackstone Group and set a price target of $129.00. This rating reflects the analyst's cautious outlook on the company's near-term prospects, despite its strong fundamentals and strategic investments.

Blackstone's stock has reached a 52-week low, dipping to $115.8. This decline is attributed to the broader market volatility and investor concerns about the company's exposure to certain sectors.

Barclays has adjusted its price target for Blackstone to $129 from $186, while maintaining an Equal Weight rating on the shares. This adjustment comes as part of the firm's Q1 preview and reflects a more conservative outlook on the company's future performance.