These Analysts Increase Their Forecasts On Blackstone Following Q2 Results
Portfolio Pulse from Avi Kapoor
Blackstone Inc (NYSE:BX) reported strong Q2 FY2024 results, with adjusted revenues of $2.796 billion beating expectations. Despite missing EPS consensus, AUM rose 7% Y/Y. Analysts raised their price targets, and shares gained 2.3% following the news.
July 19, 2024 | 5:45 pm
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Blackstone Inc reported strong Q2 FY2024 results with adjusted revenues of $2.796 billion, beating expectations. Despite missing EPS consensus, AUM rose 7% Y/Y. Analysts raised their price targets, and shares gained 2.3% following the news.
The strong Q2 results, particularly the revenue beat and AUM growth, positively impacted Blackstone's stock price. Analysts' increased price targets further support a positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100