Blackstone Stock Pressure Driven by Broader Sell-off in Software, RBC Capital Markets Says

MT Newswires Live04-24 23:22

Blackstone's (BX) Q1 results did not warrant the roughly 6% stock decline, which was likely driven by the broader sell-off in software and the Medallia restructuring, where the company is a debt holder, RBC Capital Markets said in a Friday research note.

The Q1 results were slightly positive due to robust portfolio performance, steady institutional fundraising, and momentum in the company's private wealth funds, the RBC analysts said.

The fundraising cycle is expected to ramp management fees in Q4, given fee holidays and credit funds getting paid on deployment. The brokerage forecast a 13% base management fee growth in 2027, according to the note.

RBC said the company's performance record and brand strength positions it as a winner within this long-term growth opportunity.

RBC reiterated its outperform rating on the stock and adjusted its price target to $173 from $176.

Price: 121.98, Change: -0.35, Percent Change: -0.29

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2629823778?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-24 23:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2629823778","market":"us","top_or_hot":-1,"title":"Blackstone Stock Pressure Driven by Broader Sell-off in Software, RBC Capital Markets Says","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/BX\">Blackstone</a>'s (BX) Q1 results did not warrant the roughly 6% stock decline, which was likely driven by the broader sell-off in software and the Medallia restructuring, where the company is a debt holder, RBC Capital Markets said in a Friday research note.</p><p>The Q1 results were slightly positive due to robust portfolio performance, steady institutional fundraising, and momentum in the company's private wealth funds, the RBC analysts said.</p><p>The fundraising cycle is expected to ramp management fees in Q4, given fee holidays and credit funds getting paid on deployment. The brokerage forecast a 13% base management fee growth in 2027, according to the note.</p><p>RBC said the company's performance record and brand strength positions it as a winner within this long-term growth opportunity.</p><p>RBC reiterated its outperform rating on the stock and adjusted its price target to $173 from $176.</p><p>Price: 121.98, Change: -0.35, Percent Change: -0.29</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Blackstone Stock Pressure Driven by Broader Sell-off in Software, RBC Capital Markets Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackstone Stock Pressure Driven by Broader Sell-off in Software, RBC Capital Markets Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-04-24 23:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/BX\">Blackstone</a>'s (BX) Q1 results did not warrant the roughly 6% stock decline, which was likely driven by the broader sell-off in software and the Medallia restructuring, where the company is a debt holder, RBC Capital Markets said in a Friday research note.</p><p>The Q1 results were slightly positive due to robust portfolio performance, steady institutional fundraising, and momentum in the company's private wealth funds, the RBC analysts said.</p><p>The fundraising cycle is expected to ramp management fees in Q4, given fee holidays and credit funds getting paid on deployment. The brokerage forecast a 13% base management fee growth in 2027, according to the note.</p><p>RBC said the company's performance record and brand strength positions it as a winner within this long-term growth opportunity.</p><p>RBC reiterated its outperform rating on the stock and adjusted its price target to $173 from $176.</p><p>Price: 121.98, Change: -0.35, Percent Change: -0.29</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B64PRP62.GBP","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2629823778","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2629823778","pubTimestamp":1777044123,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Blackstone's  Q1 results did not warrant the roughly 6% stock decline, which was likely driven by the broader sell-off in software and the Medallia restructuring, where the company is a debt holder, RBC Capital Markets said in a Friday research note.The Q1 results were slightly positive due to robust portfolio performance, steady institutional fundraising, and momentum in the company's private wealth funds, the RBC analysts said.The fundraising cycle is expected to ramp management fees in Q4, given fee holidays and credit funds getting paid on deployment. The brokerage forecast a 13% base management fee growth in 2027, according to the note.RBC said the company's performance record and brand strength positions it as a winner within this long-term growth opportunity.RBC reiterated its outperform rating on the stock and adjusted its price target to $173 from $176.Price: 121.98, Change: -0.35, Percent Change: -0.29","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","BK4207":"综合性银行","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","BX":"黑石","BK4135":"资产管理与托管银行","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4588":"碎股","BK4585":"ETF&股票定投概念","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC"},"translate_title":"加拿大皇家银行资本市场表示，软件领域更广泛的抛售推动了黑石股票的压力","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BX":1},"content_text":"Blackstone's (BX) Q1 results did not warrant the roughly 6% stock decline, which was likely driven by the broader sell-off in software and the Medallia restructuring, where the company is a debt holder, RBC Capital Markets said in a Friday research note.The Q1 results were slightly positive due to robust portfolio performance, steady institutional fundraising, and momentum in the company's private wealth funds, the RBC analysts said.The fundraising cycle is expected to ramp management fees in Q4, given fee holidays and credit funds getting paid on deployment. The brokerage forecast a 13% base management fee growth in 2027, according to the note.RBC said the company's performance record and brand strength positions it as a winner within this long-term growth opportunity.RBC reiterated its outperform rating on the stock and adjusted its price target to $173 from $176.Price: 121.98, Change: -0.35, Percent Change: -0.29","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629823778","isCrawlerRequest":true}