On Oct 19, major Wall Street analysts update their ratings for $Blackstone (BX.US)$, with price targets ranging from $170 to $192.
BofA Securities analyst Craig Siegenthaler maintains with a buy rating, and maintains the target price at $192.
Citi analyst Christopher Allen maintains with a hold rating, and adjusts the target price from $124 to $170.
Barclays analyst Benjamin Budish maintains with a hold rating, and adjusts the target price from $155 to $174.
Wells Fargo analyst Michael Brown maintains with a buy rating, and adjusts the target price from $169 to $188.
Evercore analyst Glenn Schorr maintains with a buy rating, and adjusts the target price from $155 to $181.
Furthermore, according to the comprehensive report, the opinions of $Blackstone (BX.US)$'s main analysts recently are as follows:
Blackstone reported Q3 results that exceeded expectations, with strong performance in fundraising, deployments, and realizations. The analyst notes a broad-based acceleration in transaction activity, including M&A and IPOs, driven by declining discount rates and increased decision-making clarity post-November elections.
Post-earnings, estimates for Blackstone have been revised upwards. The company's prospects appear to be strengthening, with sustained robustness in fundraising and investment activities. Despite these positive developments, the current position presents a balanced risk/reward scenario.
Blackstone's Q3 earnings surpassed expectations, and management exhibited a notably confident demeanor, as observed by the analyst.
Blackstone delivered its strongest investment returns in a three-year span, complemented by a notable increase in capital deployment and asset monetizations, which clarifies the outlook for fundraising and carry realization. Acknowledging an enhancing environment for transaction activities, it is also recognized that current stock valuations may already be mirroring such optimism.
Blackstone's recent quarterly results were deemed adequate, with several positive indicators pointing towards potential future earnings expansion. It was noted that while this leading firm in its sector commands a premium valuation, it does not necessarily reflect the highest rate of growth.
Here are the latest investment ratings and price targets for $Blackstone (BX.US)$ from 6 analysts:
Note:
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