TD Cowen has increased its price target for Blackstone (BX, Financial) from $147 to $154, reinforcing its optimistic outlook with a Buy rating. The decision follows an analysis of Blackstone's first-quarter performance, highlighting its robust long-term earnings potential despite current challenges in realization activities.
The firm believes that Blackstone's ability to generate strong earnings over the long term stands out, even as it faces a period characterized by slower realization processes. This outlook suggests that Blackstone is well-positioned to navigate ongoing market conditions while maintaining its growth trajectory.
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.
