Blackstone Analysts Increase Their Forecasts After Q2 Results
Portfolio Pulse from Lisa Levin
Blackstone Inc (NYSE:BX) reported weaker-than-expected Q2 sales results, with revenues of $2.35 billion, down 43% Y/Y, and distributable earnings falling 43% Y/Y to $1.35 billion. Despite this, several analysts have increased their price targets on Blackstone, including Barclays, Piper Sandler, Evercore ISI Group, B of A Securities, JP Morgan, Wells Fargo, and BMO Capital.
July 21, 2023 | 11:41 am
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Blackstone's Q2 results were weaker than expected, but several analysts have increased their price targets on the company's stock.
Blackstone's weaker-than-expected Q2 results could negatively impact the stock price. However, the increased price targets from several analysts suggest a positive outlook, potentially offsetting the negative impact of the earnings report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100