The Analyst Verdict: Blackstone In The Eyes Of 11 Experts
Portfolio Pulse from Benzinga Insights
Over the last three months, 11 analysts have provided diverse opinions on Blackstone (NYSE:BX), with recent ratings showing a shift towards neutrality. The average 12-month price target for BX has increased to $126.91, up 3.85% from $122.20. Analyst actions include both upgrades and downgrades, reflecting changing market dynamics and Blackstone's performance. Despite the mixed analyst outlook, Blackstone faces financial challenges, including a -27.18% decline in revenue growth and below-average profitability metrics as of December 31, 2023. The company, the world's largest alternative-asset manager, has a significant market presence but struggles with high debt levels and efficiency in asset and equity utilization.
April 02, 2024 | 8:00 pm
News sentiment analysis
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NEUTRAL IMPACT
Blackstone has received mixed analyst ratings with a slight positive shift in the average 12-month price target. However, financial challenges such as revenue decline and below-average profitability metrics could impact investor sentiment.
The mixed analyst ratings indicate uncertainty, with the recent increase in the average price target suggesting some optimism. However, the significant financial challenges highlighted, including a notable revenue decline and poor profitability metrics, could dampen investor enthusiasm in the short term. The balance between these factors leads to a neutral short-term price direction score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100