Critical Insights From Blackstone Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Blackstone (NYSE:BX) show a mix of bullish to indifferent sentiments, with an updated average 12-month price target of $128.25, marking a 6.68% increase from the previous target. The company, a leading alternative-asset manager with $1.040 trillion in AUM, faces challenges in revenue growth, net margin, ROE, ROA, and debt management, indicating potential financial hurdles.
March 04, 2024 | 2:00 pm
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Blackstone's mixed analyst ratings and updated price target reflect cautious optimism, but financial challenges could impact short-term performance.
The mixed analyst ratings and the increase in the average price target suggest a cautiously optimistic outlook for Blackstone. However, the company's reported financial challenges, including a significant revenue decline, below-average net margin, ROE, ROA, and a high debt-to-equity ratio, could dampen investor sentiment and impact the stock's short-term performance negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100