BXMT Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Blackstone Mortgage Trust (BXMT) has shown positive momentum recently, with shares crossing the average analyst 12-month target price of $19.79 and trading at $19.87. This has led analysts to consider raising target prices further, indicating confidence in the stock's performance. Additionally, BofA raised its price target for BXMT from $19 to $20, maintaining a Neutral rating, which suggests cautious optimism.
Technical Indicators Analysis:
- RSI: The Relative Strength Index (RSI) for BXMT is at 59.01 (6-day), 60.58 (12-day), and 60.76 (14-day), indicating the stock is in a neutral zone, not overbought or oversold.
- MACD: The MACD line is slightly above the signal line, suggesting a bullish signal.
- SMA: The stock is trading above its 20-day SMA ($20.04) but below its 60-day SMA ($18.78), indicating short-term strength but longer-term consolidation.
- Fibonacci Levels: The stock is currently trading near the pivot point of $20.27, with resistance levels at $20.70 and $20.97, and support levels at $19.84 and $19.57.
Price Prediction and Recommendation:
Based on the analysis, BXMT is expected to reach a price of $20.50 in the next trading week. The stock is nearing its first resistance level of $20.70, and while there is potential for upward movement, the Neutral rating from BofA and mixed technical signals suggest caution.
Recommendation: Sell at $20.50 as the stock approaches resistance levels, locking in profits amid uncertain market conditions.
BXMT Similar Chart Price Prediction
The price of BXMT is predicted to go up -11.94%, based on the high correlation periods with GSAT. The similarity of these two price pattern on the periods is 98.45%.
BXMT
GSAT
Down: -11.94%Similarity: 98.45%
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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%
