Key Takeaways From Blackstone Analyst Ratings
Portfolio Pulse from Benzinga Insights
In the last three months, 7 analysts have published ratings on Blackstone (NYSE:BX), with a mix of bullish and bearish perspectives. The average 12-month price target has increased by 6.88% to $139.86. Analysts have recently raised their price targets, reflecting a positive outlook despite some financial challenges.
July 23, 2024 | 7:00 pm
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Blackstone has received a mix of bullish and bearish ratings from analysts over the past three months. The average 12-month price target has increased by 6.88% to $139.86, indicating a positive outlook. However, the company faces revenue challenges and a high debt-to-equity ratio.
The increase in the average 12-month price target by 6.88% reflects a positive sentiment among analysts. Recent upgrades in price targets by major firms like Morgan Stanley and Barclays further support this outlook. However, the company's revenue decline and high debt-to-equity ratio pose challenges that investors should monitor.
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