In a significant development, Blackstone (BX, Financial) has partnered with Wellington Management and Vanguard in a strategic collaboration aimed at revolutionizing the accessibility of high-caliber investment opportunities for investors. This alliance focuses on crafting simplified, multi-asset investment solutions that effectively merge elements from both public and private markets, integrating active and index strategies seamlessly.
The joint effort of these leading financial firms seeks to construct fully diversified portfolios incorporating private assets, with an overarching goal of enhancing returns. By addressing the complexities of investment management, the collaboration aspires to deliver innovative solutions that empower financial advisors in achieving their clients' income and growth objectives.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Blackstone Inc (BX, Financial) is $154.74 with a high estimate of $207.00 and a low estimate of $128.00. The average target implies an upside of 18.64% from the current price of $130.43. More detailed estimate data can be found on the Blackstone Inc (BX) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Blackstone Inc's (BX, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Blackstone Inc (BX, Financial) in one year is $211.26, suggesting a upside of 61.97% from the current price of $130.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Blackstone Inc (BX) Summary page.
