Blackstone Inc. (BX, Financial) has reported a remarkable financial performance for the first quarter, surpassing revenue forecasts. The company achieved a revenue of $3.29 billion, significantly higher than the anticipated $2.72 billion.
The impressive results were partly driven by record inflows, which reached $62 billion—the highest level seen in nearly three years. This strong inflow is a testament to the trust Blackstone has cultivated with investors over the years.
Moreover, the company has maintained positive investment performance across its major strategies, indicating robust operational strength in challenging market conditions. Blackstone is well-prepared to capitalize on opportunities with $177 billion in reserve funds or "dry powder," thanks to its resilient and capital-efficient business model.
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 $152.68 with a high estimate of $207.00 and a low estimate of $128.00. The average target implies an upside of 18.01% from the current price of $129.38. 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 $200.92, suggesting a upside of 55.29% from the current price of $129.38. 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.
