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Blackstone (BX) Stock Forecast & Price Target

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$167.04
-1.10 (-0.65%)
(As of 11/4/2024 ET)

Blackstone - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
13
Buy
6

Based on 19 Wall Street analysts who have issued ratings for Blackstone in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 13 have given a hold rating, and 6 have given a buy rating for BX.

Consensus Price Target

$155.38
-6.98% Downside
According to the 19 analysts' twelve-month price targets for Blackstone, the average price target is $155.38. The highest price target for BX is $192.00, while the lowest price target for BX is $127.00. The average price target represents a forecasted downside of -6.98% from the current price of $167.04.
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BX Analyst Ratings Over Time

TypeCurrent Forecast
11/6/23 to 11/5/24
1 Month Ago
10/7/23 to 10/6/24
3 Months Ago
8/8/23 to 8/7/24
1 Year Ago
11/6/22 to 11/6/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
11 Buy rating(s)
Hold
13 Hold rating(s)
12 Hold rating(s)
12 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$155.38$131.17$127.56$110.22
Forecasted Upside-6.98% Downside-13.66% Downside-0.02% Downside12.05% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

BX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Blackstone Stock vs. The Competition

TypeBlackstoneFinance CompaniesS&P 500
Consensus Rating Score
2.32
2.47
2.50
Consensus RatingHoldHoldHold
Predicted Upside-6.98% Downside17.58% Upside10.47% Upside
News Sentiment Rating
Positive News

See Recent BX News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/18/2024Cowen
2 of 5 stars
 Reiterated RatingHold ➝ Hold
10/18/2024Citigroup
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$157.00 ➝ $170.00-2.71%
10/18/2024Bank of America
4 of 5 stars
 Boost TargetBuy ➝ Buy$171.00 ➝ $192.00+9.73%
10/18/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$125.00 ➝ $146.00-15.93%
10/18/2024TD Cowen
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 Boost TargetHold ➝ Hold$133.00 ➝ $149.00-14.20%
10/18/2024BMO Capital Markets
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Etinenne Ricard
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Boost TargetMarket Perform ➝ Market Perform$112.00 ➝ $134.00-22.61%
10/18/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$155.00 ➝ $174.00+0.50%
10/18/2024The Goldman Sachs Group
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Alexander Blostein
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Boost TargetNeutral ➝ Neutral$135.00 ➝ $150.00-13.36%
10/18/2024Wells Fargo & Company
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M. Brown
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Boost TargetOverweight ➝ Overweight$169.00 ➝ $188.00+9.31%
10/16/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$140.00 ➝ $160.00+0.85%
10/14/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$148.00 ➝ $155.00+0.65%
10/10/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$164.00 ➝ $177.00+18.24%
10/9/2024Piper Sandler
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C. Love
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DowngradeOverweight ➝ Neutral$149.00 ➝ $149.00-0.29%
8/27/2024Redburn Atlantic
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N. Watts
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Initiated CoverageNeutral$134.00-5.61%
8/15/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$145.00 ➝ $146.00+7.01%
4/24/2024Argus
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 Boost TargetBuy ➝ Buy$133.00 ➝ $135.00+9.09%
4/9/2024JMP Securities
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 Reiterated RatingMarket Perform
1/26/2024Keefe, Bruyette & Woods
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 Boost TargetMarket Perform ➝ Market Perform$123.00 ➝ $127.00+2.01%
1/11/2024Oppenheimer
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 DowngradeOutperform ➝ Market Perform
10/10/2023Jefferies Financial Group
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 Boost Target$114.00 ➝ $121.00+14.64%
10/6/2023HSBC
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 Initiated CoverageHold$113.00+8.45%
10/4/2023Wolfe Research
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 Initiated CoverageMarket Perform
4/21/2023Credit Suisse Group
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William Katz
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Lower TargetUnderperform$74.00 ➝ $70.50-23.32%
1/12/2023CICC Research
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 Initiated CoverageOutperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:28 AM ET.


Should I Buy Blackstone Stock? BX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, October 18, 2024. Please send any questions or comments about these Blackstone pros and cons to contact@marketbeat.com.

Blackstone
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Blackstone Inc.:

  • Blackstone Inc. has shown consistent growth in its stock price, reaching $157.32 on October 7, 2024, indicating a positive trend in value.
  • Blackstone Inc. has a diverse portfolio across real estate, private equity, hedge fund solutions, credit, and multi-asset class strategies, providing investors with exposure to various sectors.
  • Insiders of Blackstone Inc. have been actively buying and selling shares, indicating confidence in the company's performance and future prospects.
  • Wall Street analysts have issued favorable ratings and target prices for Blackstone Inc., suggesting a positive outlook on the company's growth potential.
  • Institutional investors hold a significant portion (70.00%) of Blackstone Inc.'s stock, reflecting trust and interest from large financial entities.

Blackstone
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Blackstone Inc. for these reasons:

  • Blackstone Inc. insiders have been selling shares, which could raise concerns about the company's future performance or potential challenges ahead.
  • While Blackstone Inc. has a diverse portfolio, exposure to multiple sectors can also pose risks in case of economic downturns affecting specific industries.
  • The stock price of Blackstone Inc. has a high PE ratio of 55.87, which may indicate that the stock is currently overvalued compared to its earnings.
  • Market analysts have issued hold ratings alongside buy ratings for Blackstone Inc., suggesting mixed opinions on the company's future growth trajectory.
  • Blackstone Inc. operates in the alternative asset management sector, which can be subject to market volatility and regulatory changes impacting investment strategies.

BX Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Blackstone is $155.38, with a high forecast of $192.00 and a low forecast of $127.00.

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blackstone in the last twelve months. There are currently 13 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BX, but not buy additional shares or sell existing shares.

According to analysts, Blackstone's stock has a predicted downside of -6.98% based on their 12-month stock forecasts.

Over the previous 90 days, Blackstone's stock had 1 downgrade by analysts.

Analysts like Blackstone less than other "finance" companies. The consensus rating score for Blackstone is 2.32 while the average consensus rating score for "finance" companies is 2.47. Learn more on how BX compares to other companies.


This page (NYSE:BX) was last updated on 11/5/2024 by MarketBeat.com Staff
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