Blackstone Analysts Increase Their Forecasts After Q3 Earnings
Portfolio Pulse from Avi Kapoor
Blackstone Inc (NYSE:BX) reported better-than-expected Q3 earnings, with revenues of $2.434 billion and a 6% increase in distributable earnings. Analysts have raised their price targets for Blackstone, reflecting positive sentiment. The stock rose 2.9% following the announcement.
October 18, 2024 | 3:41 pm
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Blackstone reported strong Q3 earnings, exceeding expectations with $2.434 billion in revenue. Analysts have raised their price targets, indicating positive market sentiment. The stock rose 2.9% post-announcement.
Blackstone's better-than-expected earnings and increased price targets from multiple analysts suggest a positive outlook for the stock. The 2.9% rise in stock price post-announcement reflects investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100