BXMT Price Prediction Next Week
Analysis and Insights
To predict the stock price of Blackstone Mortgage Trust (BXMT) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
Recent News and Ratings:
- BofA raised the price target for BXMT from $19 to $20, maintaining a Neutral rating.
- BXMT declared a quarterly dividend of $0.47, maintaining its dividend policy.
- The company plans $2 billion in new deals and a 40% portfolio turnover for 2025, signaling growth potential.
Valuation:
- The stock is trading near its average analyst target price of $20.58, suggesting it is fairly valued.
Technical Analysis:
Price Trends:
- The stock is currently trading at $20.63, near its upper Bollinger Band, indicating potential overbought conditions.
Technical Indicators:
- RSI (14) is at 59.12, indicating neutral momentum.
- MACD is slightly positive, suggesting weak upward momentum.
- Fibonacci levels indicate resistance at $21.10 and support at $20.05.
Volume:
- Volume has been decreasing, indicating reduced conviction from traders.
Price Prediction and Recommendation:
Given the mixed technical signals and the stock trading near resistance levels, we predict BXMT will trade between $20.05 and $21.10 next week. The exact price prediction is $20.50.
Recommendation: Sell. The stock is near resistance, and the risk of a pullback outweighs the potential for a breakout.
BXMT Similar Chart Price Prediction
The price of BXMT is predicted to go up -25.85%, based on the high correlation periods with PLUG. The similarity of these two price pattern on the periods is 95.53%.
BXMT
PLUG
Down: -25.85%Similarity: 95.53%
BXMT Revenue Forecast
BXMT EPS Forecast
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BXMT Analyst's Forecast
Richard Shane
JP Morgan
Hold
2025-01-21
Price Target
$19 → $18
Downside
-4.16%
JPMorgan lowered the firm's price target on Blackstone Mortgage to $17.50 from $18.50 and keeps a Neutral rating on the shares as part of a Q4 earnings preview for the mortgage real estate investment trust group. Commercial real estate borrowers and lenders "have collectively kicked the can down the road," awaiting a more favorable rate environment, the analyst tells investors in a research note. However, the firm says the higher rate outlook "may dampen the budding optimism" that emerged in mid-2024. With the 10-year Treasury rate now projected above 4% until at least 2027, carrying costs will remain elevated and commercial real estate participants may be forced to resolve deals at "undesirable valuations," contends JPMorgan. It views Claros Mortgage Trust's (CMTG) December dividend cut to zero as potentially cautionary for the sector.
Keegan Carl
Wolfe Research
Hold → Buy
2024-12-11
Price Target
$20
Upside
+4.19%
Donald Fandetti
Wells Fargo
Buy
2024-09-20
Price Target
$19 → $22
Upside
+10.94%
