12 Best Buy-the-Dip Stocks to Buy According to Wall Street Analysts

9. Blue Owl Capital Inc. (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWL) is one of the 12 best buy-the-dip stocks to buy according to Wall Street analysts.

On March 4, Chris Kotowski from Oppenheimer reduced the price target for Blue Owl Capital Inc. (NYSE:OWL) to $17 from $24, while maintaining an Outperform rating on the shares.

Despite what is perceived as strong results relative to the credit quality of its business development companies, Blue Owl Capital has been subject to a tremendous degree of negative media attention over the past several weeks. Kotowski believes that much of this has been misleading, like the concerns surrounding commercial banks in late 2023. He also fears that the negative media attention is likely to impact the company’s ability to raise capital in the near term.

On February 6, Goldman Sachs reduced its price target on Blue Owl Capital Inc. (NYSE:OWL) to $14 from $16.25. The firm maintained its Neutral rating on the shares, noting that alternative asset managers have continued to face pressure on their share prices following the release of fourth quarter results. The broader group is down roughly 15% year-to-date and has declined about 10% over the past week.

Blue Owl Capital Inc. (NYSE:OWL) is an alternative asset manager that offers capital solutions to mid-market companies. With an emphasis on credit, real assets, and GP strategic capital, it provides private financing, direct lending, opportunistic lending, equity financing, and leasing solutions. It is well-reputed for delivering a differentiated route to private markets and secular growth trends.