Barclays analyst Benjamin Budish has adjusted the price target for Blackstone (BX, Financial), increasing it from $129 to $136, while maintaining an Equal Weight rating on the company's shares. This revision follows Blackstone’s first-quarter financial report.
Despite ongoing macroeconomic uncertainties that might affect the company's realization activities, Blackstone is recognized for its strategic positioning in several key growth sectors. These areas include investment-grade private credit, private wealth management, and infrastructure, offering potential advantages that could bolster its performance going forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Blackstone Inc (BX, Financial) is $152.06 with a high estimate of $207.00 and a low estimate of $128.00. The average target implies an upside of 16.62% from the current price of $130.39. 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 $198.38, suggesting a upside of 52.14% from the current price of $130.39. 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.
