BofA Securities analyst Craig Siegenthaler maintains $Blackstone (BX.US)$ with a buy rating, and maintains the target price at $192.
According to TipRanks data, the analyst has a success rate of 68.7% and a total average return of 17.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Blackstone (BX.US)$'s main analysts recently are as follows:
Blackstone reported third-quarter results that surpassed expectations, with fundraising, deployments, and realizations all exceeding estimates. There is support for a broad-based acceleration in transaction activity, including both mergers and acquisitions and initial public offerings, as discount rates decrease and decisions are made with greater clarity post-November elections.
Following Blackstone's Q3 report, there has been an upward revision in estimates reflecting the company's improving outlook. With sustained health in fundraising and deployment trends, the prospects seem favorable. However, the current assessment suggests that the risks and rewards are evenly matched at this time.
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.
