Morgan Stanley analyst Michael Cyprys maintains $Blackstone (BX.US)$ with a buy rating, and maintains the target price at $205.
According to TipRanks data, the analyst has a success rate of 56.2% and a total average return of 5.8% 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 stronger-than-expected Q3 results, which included fundraising, deployments, and realizations that surpassed estimates, have been positively acknowledged. Analysts note that channel checks and proprietary data trackers support a broad-based acceleration in transaction activity, encompassing both mergers & acquisitions and initial public offerings, as discount rates decline and decision-making improves with greater visibility post-November elections.
Post-earnings adjustments have led to increased estimates for Blackstone, reflecting an improving outlook as the company exhibits robust trends in fundraising and deployment. The assessment suggests that the current risk/reward profile is balanced.
The company's third-quarter earnings surpassed expectations, and management exhibited a notably confident demeanor, as reported by an 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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