Blackstone Shares Surge 5.2% Following Analyst Upgrade
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy BX?
Source: Yahoo Finance
- Analyst Upgrade: Oppenheimer upgraded Blackstone's stock to 'Outperform,' labeling it a 'premier franchise at a very attractive valuation,' which led to a 5.2% increase in share price during the afternoon session, reflecting market optimism about its future performance.
- Price Target Increase: BMO Capital Markets raised its price target for Blackstone from $126 to $132 while maintaining an 'Outperform' rating, indicating analysts' confidence in the company's growth potential, which may attract more investor interest.
- New Investment Platform: Blackstone is advancing plans for a digital infrastructure investment platform, having filed to list the Blackstone Digital Infrastructure Trust on the NYSE, focusing on acquiring data centers, showcasing the company's strategic positioning in emerging markets to capitalize on digital transformation opportunities.
- Historic Fundraising Success: Blackstone's life sciences fund raised a record $6.3 billion, being oversubscribed and marking the largest private fund dedicated to the life sciences sector, demonstrating strong investor trust in Blackstone's investment strategy, and despite a 23.8% decline year-to-date, long-term investors still see significant returns.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 128.130
Low
166.00
Averages
176.60
High
205.00
Current: 128.130
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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