Across the recent three months, 20 analysts have shared their insights on Blackstone (NYSE:BX), expressing a variety of opinions spanning from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 6 | 11 | 0 | 0 |
| Last 30D | 1 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 4 | 7 | 0 | 0 |
| 3M Ago | 0 | 2 | 3 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $167.9, a high estimate of $230.00, and a low estimate of $134.00. This upward trend is evident, with the current average reflecting a 12.25% increase from the previous average price target of $149.58.
Understanding Analyst Ratings: A Comprehensive Breakdown
A comprehensive examination of how financial experts perceive Blackstone is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Benjamin Budish | Barclays | Raises | Equal-Weight | $199.00 | $174.00 |
| Bill Katz | TD Cowen | Raises | Buy | $230.00 | $149.00 |
| Brian Brungardt | Deutsche Bank | Raises | Buy | $182.00 | $172.00 |
| Chris Allen | Citigroup | Raises | Neutral | $170.00 | $157.00 |
| Glenn Schorr | Evercore ISI Group | Raises | Outperform | $181.00 | $155.00 |
| Craig Siegenthaler | B of A Securities | Raises | Buy | $192.00 | $171.00 |
| Bill Katz | TD Cowen | Raises | Hold | $149.00 | $133.00 |
| Kenneth Worthington | JP Morgan | Raises | Neutral | $146.00 | $125.00 |
| Alexander Blostein | Goldman Sachs | Raises | Neutral | $150.00 | $135.00 |
| Benjamin Budish | Barclays | Raises | Equal-Weight | $174.00 | $155.00 |
| Etienne Ricard | BMO Capital | Raises | Market Perform | $134.00 | $112.00 |
| Michael Brown | Wells Fargo | Raises | Overweight | $188.00 | $169.00 |
| Brennan Hawken | UBS | Raises | Neutral | $160.00 | $140.00 |
| Glenn Schorr | Evercore ISI Group | Raises | Outperform | $155.00 | $148.00 |
| Michael Cyprys | Morgan Stanley | Raises | Overweight | $177.00 | $164.00 |
| Michael Brown | Wells Fargo | Raises | Overweight | $169.00 | $163.00 |
| Crispin Love | Piper Sandler | Maintains | Neutral | $149.00 | $149.00 |
| Benjamin Budish | Barclays | Raises | Equal-Weight | $155.00 | $141.00 |
| Alexander Blostein | Goldman Sachs | Raises | Neutral | $135.00 | $130.00 |
| Michael Brown | Wells Fargo | Announces | Overweight | $163.00 | - |
Key Insights: Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Blackstone. This information offers a snapshot of how analysts perceive the current state of the company. Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Blackstone compared to the broader market. Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Blackstone's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Blackstone's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Blackstone analyst ratings.
Discovering Blackstone: A Closer Look
Blackstone is the world's largest alternative-asset manager with $1.108 trillion in total asset under management, including $820.5 billion in fee-earning assets under management, at the end of September 2024. The company has four core business segments: private equity (25% of fee-earning AUM and 30% of base management fees), real estate (35% and 39%), credit and insurance (31% and 24%), and multi-asset investing (9% and 7%). While the firm primarily serves institutional investors (87% of AUM), it also caters to clients in the high-net-worth channel (13%). Blackstone operates through 25 offices in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).
Key Indicators: Blackstone's Financial Health
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Blackstone showcased positive performance, achieving a revenue growth rate of 35.15% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Blackstone's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 27.05%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Blackstone's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 11.28%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Blackstone's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.88%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 1.7, Blackstone faces challenges in effectively managing its debt levels, indicating potential financial strain.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
Latest Ratings for BX
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jan 2022 | Morgan Stanley | Maintains | Overweight | |
| Jan 2022 | Morgan Stanley | Maintains | Overweight | |
| Dec 2021 | Wells Fargo | Initiates Coverage On | Equal-Weight |
View More Analyst Ratings for BX
View the Latest Analyst Ratings
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
