Bank of America has revised its price target for Blackstone (BX, Financial), lowering it from $207 to $166 while maintaining a 'Buy' rating on the stock. Despite Blackstone surpassing expectations in most financial metrics during the first quarter, the company's fee-related earnings fell short of projections.
The adjustment in Blackstone's price target is accompanied by a reduced earnings forecast for the upcoming years. The firm has adjusted its earnings per share (EPS) estimates for 2025, 2026, and 2027 to $4.67, $6.50, and $8.35, respectively. These revisions reflect a more conservative outlook due to factors such as decreased fundraising, investment activities, realizations, and overall returns.
Despite the mixed performance in Q1, the analyst places significant emphasis on Blackstone's future strategy and guidance, suggesting that recent global changes play a more pivotal role in shaping the firm's long-term potential than the immediate quarterly outcomes. The remarks underscore a focus on management's forward-looking statements rather than just past performance.
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.
