Blackstone Inc [NYSE: BX] price surged by 0.75 percent to reach at $1.06.
The one-year BX stock forecast points to a potential downside of -5.76. The average equity rating for BX stock is currently 2.44, trading closer to a bullish pattern in the stock market.
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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 $135.47 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 2.44. 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.
Redburn Atlantic have made an estimate for Blackstone Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 27, 2024. While these analysts kept the previous recommendation, UBS dropped their target price from $140 to $135. The new note on the price target was released on April 02, 2024, representing the official price target for Blackstone Inc stock. Previously, the target price had yet another raise from $116 to $124, while Citigroup kept a Neutral rating on BX stock.
The Average True Range (ATR) for Blackstone Inc is set at 3.74, with the Price to Sales ratio for BX stock in the period of the last 12 months amounting to 16.62. The Price to Book ratio for the last quarter was 25.66, with the Price to Cash per share for the same quarter was set at 2.13. Price to Free Cash Flow for BX in the course of the last twelve months was 90.05.
BX Stock Performance Analysis:
Blackstone Inc [BX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.93. With this latest performance, BX shares gained by 10.82% in over the last four-week period, additionally plugging by 16.64% over the last 6 months – not to mention a rise of 28.25% 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 62.39, with the RSI for the last a single of trading hit 65.98, and the three-weeks RSI is set at 60.26 for Blackstone Inc [BX]. The present Moving Average for the last 50 days of trading for this stock 134.95, while it was recorded at 140.13 for the last single week of trading, and 126.20 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 23.50%.
Blackstone Inc [BX] Institutonal Ownership Details
There are presently around $70.04%, or 70.73%% of BX stock, in the hands of institutional investors. The top three institutional holders of BX stocks are: VANGUARD GROUP INC with ownership of 65.14 million shares, which is approximately 8.5735%. BLACKROCK INC., holding 47.26 million shares of the stock with an approximate value of $$5.85 billion in BX stocks shares; and BLACKROCK INC., currently with $$4.6 billion in BX stock with ownership which is approximately 4.8901%.
