Evercore analyst Glenn Schorr maintains $Blackstone (BX.US)$ with a buy rating, and adjusts the target price from $155 to $181.
According to TipRanks data, the analyst has a success rate of 67.3% and a total average return of 11.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Blackstone (BX.US)$'s main analysts recently are as follows:
Following Blackstone's report of stronger-than-anticipated Q3 outcomes, which included fundraising, deployments, and realizations surpassing estimates, there's a positive outlook on the shares. The company's performance is bolstered by a widespread uptick in transaction activity, including both mergers & acquisitions and initial public offerings, as lower discount rates and clearer post-election decisions drive momentum, according to industry observations and proprietary data.
Post the company's Q3 report, there has been an enhancement in estimates reflecting Blackstone's ongoing improvement. The company's future prospects appear positive with sustained robustness in fundraising and deployment trends. Nevertheless, the risk/reward profile is perceived as balanced at the current valuation.
The company's third-quarter earnings surpassed expectations, and management exhibited a notably confident demeanor, according to an analyst.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
