Market Analysts see Blackstone Inc. [BX] gaining to $105. Time to buy?

Blackstone Inc. [NYSE: BX] stock went on an upward path that rose over 4.06% on Monday, amounting to a one-week price decrease of less than -8.78%. The company report on February 2, 2023 that Blackstone to Present at the Bank of America Securities Financial Services Conference 2023.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


Blackstone (NYSE:BX) announced today that Stephen Schwarzman, Chairman, CEO and Co-Founder, is scheduled to present at the Bank of America Securities 2023 Financial Services Conference on Thursday, February 16, 2023 at 12:30pm ET.

A live webcast of the presentation will be available on the Shareholders section of Blackstone’s website at For those unable to listen to the live webcast, a replay will be available on Blackstone’s website shortly after the event.

Over the last 12 months, BX stock dropped by -28.27%. The one-year Blackstone Inc. stock forecast points to a potential upside of 17.57. The average equity rating for BX stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $107.70 billion, with 742.77 million shares outstanding and 700.97 million shares in the current float. Compared to the average trading volume of 4.75M shares, BX stock reached a trading volume of 12794389 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Blackstone Inc. [BX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BX shares is $101.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BX stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Blackstone Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 24, 2023. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $88 to $95. The new note on the price target was released on January 11, 2023, representing the official price target for Blackstone Inc. stock. Previously, the target price had yet another drop from $98 to $90, while Barclays kept a Equal Weight rating on BX stock. On November 22, 2022, analysts decreased their price target for BX shares from 85.50 to 67.50.

The Average True Range (ATR) for Blackstone Inc. is set at 3.75, with the Price to Sales ratio for BX stock in the period of the last 12 months amounting to 12.64. The Price to Book ratio for the last quarter was 8.10, with the Price to Cash per share for the same quarter was set at 3.48.

BX Stock Performance Analysis:

Blackstone Inc. [BX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.78. With this latest performance, BX shares dropped by -9.13% in over the last four-week period, additionally sinking by -15.90% over the last 6 months – not to mention a drop of -28.27% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BX stock in for the last two-week period is set at 39.39, with the RSI for the last a single of trading hit 36.23, and the three-weeks RSI is set at 42.55 for Blackstone Inc. [BX]. The present Moving Average for the last 50 days of trading for this stock 88.64, while it was recorded at 85.93 for the last single week of trading, and 92.73 for the last 200 days.

Insight into Blackstone Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Blackstone Inc. [BX] shares currently have an operating margin of +27.15 and a Gross Margin at +98.77. Blackstone Inc.’s Net Margin is presently recorded at +12.84.

Return on Equity for this stock inclined to 20.47, with Return on Assets sitting at 4.17.

BX Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Blackstone Inc. go to 10.34%.

Blackstone Inc. [BX] Insider Position Details

There are presently around $38,219 million, or 64.50% of BX stock, in the hands of institutional investors. The top three institutional holders of BX stocks are: VANGUARD GROUP INC with ownership of 46,994,275, which is approximately 1.414% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 38,894,983 shares of the stock with an approximate value of $3.25 billion in BX stocks shares; and CAPITAL WORLD INVESTORS, currently with $2.54 billion in BX stock with ownership of nearly 80.76% of the company’s market capitalization.

Positions in Blackstone Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 752 institutional holders increased their position in Blackstone Inc. [NYSE:BX] by around 47,696,430 shares. Additionally, 784 investors decreased positions by around 36,924,416 shares, while 192 investors held positions by with 373,200,794 shares. The mentioned changes placed institutional holdings at 457,821,640 shares, according to the latest SEC report filing. BX stock had 185 new institutional investments in for a total of 4,714,961 shares, while 143 institutional investors sold positions of 6,688,296 shares during the same period.


Please enter your comment!
Please enter your name here