Oppenheimer analyst Chris Kotowski maintains $Blackstone (BX.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 73.8% and a total average return of 25.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Blackstone (BX.US)$'s main analysts recently are as follows:
Blackstone's recent quarterly performance surpassed expectations, highlighted by its fundraising, deployments, and realizations, all exceeding prior estimates. Continued checks and data tracking indicate a widespread pickup in transactional activity, including mergers and acquisitions as well as initial public offerings, as discount rates fall and clearer decision-making emerges post-November elections.
Following a review of Blackstone's third-quarter report, assessments were adjusted upward, reflecting an enhanced outlook. The company is demonstrating favorable trends in both fundraising and deployment activities. Despite these positive dynamics, the risk/reward profile is perceived as balanced at the present valuations.
The company's third-quarter earnings surpassed expectations, and management exhibited a notably confident demeanor, as observed by the analyst.
Note:
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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.
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