
BXSL Stock Forecast & Price Target
BXSL Analyst Ratings
Bulls say
Blackstone Secured is a strong financial company with a highly diversified portfolio and low credit losses compared to its peers. They have a strong focus on software and professional services, which are growing industries. With a skilled Chief Financial Officer and a conservative investment portfolio consisting mostly of first-lien senior secured debt, Blackstone Secured is a well-positioned player in the BDC sector. The company also ranks as one of the largest BDCs by total assets, and its solid financial metrics, including low debt/equity leverage ratio and high asset yield, support our positive outlook and Outperform rating.
Bears say
Blackstone Secured is facing several challenges in the current market, including a concentration in the software industry that is subject to significant disruption, a high leverage ratio of 1.32x above management's target and the industry average, and a significant increase in non-accruals to 4.7%, mainly driven by three names. These factors, coupled with the potential for credit losses and a lack of alignment between management and shareholders due to its externally managed structure, lead to a negative outlook on the company's 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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