
BXSL Stock Forecast & Price Target
BXSL Analyst Ratings
Bulls say
Blackstone Secured is actively managing its credit portfolio with 98% in first-lien investments, and with its target leverage range of 1.0x-1.25x. The management is confident in the industry's normalization from low levels and declared a $0.77 dividend, with expectations of future dividend reductions. Although non-accruals picked up, management does not believe credit losses will be elevated and has an estimated $2.3B of liquidity to support its investment strategy.
Bears say
Blackstone Secured is a non-diversified, closed-end management investment company with a heavy focus on the software and technology industry, which makes up 30% of its portfolio. The company's leverage is above its target and the industry average, and its NII is forecasted to fall below its dividend in the coming years. This, coupled with its dependence on capital markets and its exposure to high-risk small companies, leads to a negative outlook for the stock.
This aggregate rating is based on analysts' research of Blackstone Secured Lending Fund and is not a guaranteed prediction by Public.com or investment advice.
BXSL Analyst Forecast & Price Prediction
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