BX Price Prediction Next Week
Based on the provided data and technical indicators, here's the analysis for BX's stock price prediction for next week:
Technical Analysis
The stock is currently trading at $186.74, showing a bullish momentum with RSI at 63.03, indicating moderate buying pressure but not yet overbought. The MACD is positive at 1.25, confirming the upward trend.
Price Levels Analysis
- Fibonacci resistance levels: R1: $185.57, R2: $191.99, R3: $202.39
- Fibonacci support levels: S1: $164.77, S2: $158.35, S3: $147.95
- Current price is testing the R1 resistance level
Fundamental Catalysts
- Blackstone has recently announced acquisition of Potomac Energy Center, strengthening its position in AI infrastructure and data center power supply
- The company is expected to report Q4 earnings of $1.48 per share, up 33.3% year-over-year
- Strong institutional backing with positive analyst sentiment, having a "Moderate Buy" rating
Price Prediction for Next Week Based on technical and fundamental analysis:
- Bullish scenario (60% probability): Break above R1 ($185.57) could push price to R2 ($191.99)
- Neutral scenario (30% probability): Consolidation between $184-$187
- Bearish scenario (10% probability): Pull back to Fibonacci pivot ($175.17)
Target Price: $192 with strong support at $184.89 (recent low)
Trading Recommendation: BUY
- Entry point: Current market price ($186.74)
- Stop loss: $184.50
- Take profit: $191.99 (R2 level)
Rationale: Strong fundamentals combined with positive technical indicators suggest continued upward momentum. The acquisition news and expected earnings growth provide fundamental support for price appreciation.
BX Similar Chart Price Prediction
The price of BX is predicted to go up -1.93%, based on the high correlation periods with HIW. The similarity of these two price pattern on the periods is 95.7%.
BX
HIW
Down: -1.93%Similarity: 95.7%
BX Revenue Forecast
BX EPS Forecast
BX FAQs
What is bull’s view on BX?
What is bear's view on BX?
What is BX revenue forecast for next quarter？
What is BX eps forecast for next quarter？
BX VS S&P500
Blackstone, with $726.6 billion in fee-earning AUM at the end of 2023, is a go-to firm for institutional and high-net-worth investors looking for exposure to alternatives.
Its ever-increasing scale, diversified product offerings, record of solid investment performance, and strong client relationships position the firm to perform well in a variety of market conditions.
Less than 2% of Blackstone's large real estate investment portfolio is invested in traditional US offices, with sectors like logistics, student housing, and data centers making up most of its AUM.
BX Analyst's Forecast
Benjamin Budish
Barclays
Hold
Price Target
$199 → $192
Upside
+15.82%
Barclays analyst Benjamin Budish lowered the firm's price target on Blackstone to $192 from $199 and keeps an Equal Weight rating on the shares as part of a Q4 earnings preview for asset managers. The firm says we continue to get closer to a "normal" market environment, with the initial public offering and merger markets "showing signs of life though it seems we are still in a ramping period."
Crispin Love
Piper Sandler
Hold
Price Target
$168 → $179
Upside
+3.83%
Michael Brown
Wells Fargo
Buy → Hold
Price Target
$188 → $195
Upside
+2.61%