Blackstone Inc Stock Surpasses Analyst Target Price

Blackstone stock has exceeded analyst's 12-month target, currently trading at $179.95. Investors are keenly assessing whether this price denotes a further rise or a potential sell-off.

Date: 20-01-2025

AI Rating: 7

Stock Performance Overview
Shares of Blackstone Inc (BX) recently crossed above the average 12-month target price of $179.00, trading at $179.95. This movement prompts a strategic evaluation among investors regarding the prospects of the stock's growth or the implications of its valuation.

With 20 analysts contributing to this average target price, there are various individual targets ranging from $135.00 to a high of $230.00. This suggests a divergence of opinions in the market, with a standard deviation of $25.91 indicating variability in analyst expectations.

Analyst Ratings Breakdown
The recent analyst ratings for BX highlight a majority believe in the strength of the stock. There are:

6 Strong Buy ratings
1 Buy rating
14 Hold ratings
0 Sell ratings
1 Strong Sell rating

The average rating of 2.48 suggests a generally positive outlook but also indicates caution, as this score leans towards the lower end of the spectrum, only marginally above a Hold position.

This data leads to several conclusions regarding potential stock price movements. A good number of analysts maintaining a strong buy status could create upward pressure on the stock, particularly if they revise their target prices higher based on the current trend. Conversely, the presence of hold and sell ratings indicates a need for careful assessment among investors about whether to hold or to sell shares at this price point.

Stocks: BX