Blackstone Inc [BX] Stock trading around $117.49 per share: What’s Next?

NFLX Stock

Blackstone Inc [NYSE: BX] stock went on an upward path that rose over 0.75% on Wednesday, amounting to a one-week price decrease of less than -5.08%.

Over the last 12 months, BX stock rose by 34.10%. The one-year Blackstone Inc stock forecast points to a potential upside of 5.43. The average equity rating for BX stock is currently 2.48, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $142.05 billion, with 719.36 million shares outstanding and 707.15 million shares in the current float. Compared to the average trading volume of 3.66M shares, BX stock reached a trading volume of 4000287 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 $124.24 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 2.48. 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.

UBS have made an estimate for Blackstone Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 02, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $116 to $124. The new note on the price target was released on January 19, 2024, representing the official price target for Blackstone Inc stock.

The Average True Range (ATR) for Blackstone Inc is set at 3.62, with the Price to Sales ratio for BX stock in the period of the last 12 months amounting to 13.65. The Price to Book ratio for the last quarter was 20.55, with the Price to Cash per share for the same quarter was set at 2.21. Price to Free Cash Flow for BX in the course of the last twelve months was 80.37.

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 -5.08. With this latest performance, BX shares dropped by -6.98% in over the last four-week period, additionally plugging by 27.81% over the last 6 months – not to mention a rise of 34.10% 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 38.22, with the RSI for the last a single of trading hit 34.52, and the three-weeks RSI is set at 41.01 for Blackstone Inc [BX]. The present Moving Average for the last 50 days of trading for this stock 125.34, while it was recorded at 120.11 for the last single week of trading, and 114.36 for the last 200 days.

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 22.80%.

Blackstone Inc [BX] Institutonal Ownership Details

The top three institutional holders of BX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BX stock with ownership which is approximately 5.8386%.