BlackRock Technology and Private Equity Term Trust (BTX) AI Stock Analysis
BTX AI stock analysis summary
AI ResearchBlackRock Technology and Private Equity Term Trust (BTX) is a US-domiciled mutual fund managed by BlackRock Advisors, LLC. The fund reported FY2025 revenue of $11.5M and net income of $8.7M, alongside free cash flow of $877.8M. Its shares offer an annual forward dividend yield of 7.44% with a trailing price-to-earnings ratio of 2.4x.
- Market cap
- $988.5M
- Revenue (TTM)
- $0
- P/E
- 2.4x
- 1Y return
- 39.9% S&P 500 16.8%
- Avg. target
- $3.00 -64.6% vs last close
Bull case
- BTX returned 39.9% over the past year, outperforming the S&P 500 return of 16.8%.
- The fund generated $877.8M in free cash flow during FY2025 and funded $724.0M in share buybacks.
- Shares provide an annual forward dividend yield of 7.44% with a payout ratio of 20.2%.
Bear case
- The consensus mean price target of $3.00 stands 64.6% below the stock's last close of $8.47.
- Annual revenue fell 71.8% in FY2025 to $11.5M, down from $40.7M in FY2024 and $215.6M in FY2023.
- Balance sheet liquidity is constrained by a current ratio of 0.13 and cash and short-term investments of $449,080 as of December 31, 2025.
What BlackRock Technology and Private Equity Term does
BlackRock Technology and Private Equity Term Trust is a mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. BlackRock Technology and Private Equity Term Trust is domiciled in the United States, and its initial public offering took place with an IPO year of 1992. Operating within the Asset Management industry and Financial Services sector, the fund reports its financial results on an annual cycle with a fiscal year-end month of December.
Growth and profitability
The fund's top line has fluctuated substantially across recent fiscal periods. Revenue reached $215.6M in FY2023 before declining 81.1% to $40.7M in FY2024 and falling 71.8% to $11.5M in FY2025. Operating margin narrowed from 98.1% in FY2023 to 87.7% in FY2024 and 75.6% in FY2025. Net income was $211.6M in FY2023, $35.7M in FY2024, and $8.7M in FY2025, which corresponded to a net margin of 75.6% in FY2025. For the trailing twelve months ending September 30, 2024, revenue was $0 with diluted EPS of $3.52.
Balance sheet and cash flow
As of December 31, 2025, the trust held cash and short-term investments of $449,080. Total assets stood at $939.0M, and shareholders' equity was $915.5M, while its current ratio was 0.13. Operating cash flow and free cash flow both reached $877.8M in FY2025. During FY2025, capital deployment included $724.0M in share buybacks and $153.4M in dividends paid. Over the past five years, the fund's share count change was 8296.4%.
Valuation and performance
BTX trades at a market cap of $988.5M and an enterprise value of -$5.8M. Its trailing P/E ratio is 2.4x, compared to 12.1x for the median of its US-listed Financial Services peers. The fund's price-to-book ratio is 0.8x and its price-to-sales ratio is 2.4x, below the peer median of 3.2x. Over the past year, BTX gained 39.9%, outperforming the S&P 500 (SPY) return of 16.8%. Over a 5-year period, the stock returned -18.9% compared to 83.0% for the S&P 500.
BTX dividend
The fund pays dividends on a monthly frequency and has maintained consecutive years paid of 6. Its forward annual dividend is $0.63, delivering a dividend yield of 7.44%. The dividend payout ratio stands at 20.2%, and its last ex-dividend date was December 11, 2026.
What analysts expect
Wall Street tracking for BTX indicates a mean price target of $3.00, representing a decline of 64.6% from the fund's last close of $8.47 on October 16, 2026. In terms of earnings track record, the trust logged 0 EPS beats over the last 4 quarters. The stock traded 9.9% above its 200-day average, between a 52-week low of $6.13 and a 52-week high of $9.49.
Key risks and what to watch
- The fund recorded 0 EPS beats over the last 4 quarters, highlighting potential earnings volatility.
- Over a 5-year period, BTX returned -18.9%, significantly lagging the S&P 500 return of 83.0%.
- Return on equity TTM was -427.2% and return on assets TTM stood at -35.3%.
- The trust's share count increased by 8296.4% over five years, representing significant dilution.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this BTX AI stock analysis
This page is an AI-written research summary of BlackRock Technology and Private Equity Term Trust (BTX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: BTX income statement, BTX balance sheet, BTX key metrics, BTX chart. See the BTX stock overview for the latest quote and news.
BTX AI stock analysis FAQ
Does BTX pay a dividend?
Yes, BTX pays a monthly dividend with an annual forward payout of $0.63, yielding 7.44% with a payout ratio of 20.2%.
What is BTX's price target?
The analyst mean price target for BTX is $3.00, which is 64.6% below the closing price of $8.47 on October 16, 2026.
How has BTX performed compared to the S&P 500?
BTX returned 39.9% over the past year, beating the S&P 500 return of 16.8%, but returned -18.9% over five years versus 83.0% for the index.
What was BTX's revenue and net income in FY2025?
In FY2025, BTX generated revenue of $11.5M and net income of $8.7M, achieving an operating margin of 75.6%.