Analysis of Blackstone Inc. (BX)’s performance, earnings and valuation

Blackstone Inc. [BX] stock is trading at $88.22, up 0.44%. An important factor to consider is whether the stock is rising or falling in short-term value. The BX shares have gain 2.72% over the last week, with a monthly amount glided 16.32%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Blackstone Inc. [NYSE: BX] stock has seen the most recent analyst activity on January 24, 2023, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $105 from $104. Previously, Wells Fargo upgraded its rating to Overweight on January 11, 2023, and elevated its price target to $95. On December 02, 2022, downgrade downgraded it’s rating to Equal Weight and revised its price target to $90 on the stock. Credit Suisse downgraded its rating to a Underperform and decreased its price target to $67.50 on November 22, 2022. Credit Suisse initiated its recommendation with a Neutral and recommended $85.50 as its price target on October 19, 2022. JP Morgan downgraded its rating to Neutral for this stock on October 11, 2022, but kept the price target unchanged to $102. In a note dated August 31, 2022, Barclays initiated an Overweight rating and iterated a target price of $120 on this stock.

Blackstone Inc. [BX] stock has fluctuated between $71.72 and $138.38 over the past year. Currently, Wall Street analysts expect the stock to reach $96.32 within the next 12 months. Blackstone Inc. [NYSE: BX] shares were valued at $88.22 at the most recent close of the market. An investor can expect a potential return of 9.18% based on the average BX price forecast.

Analyzing the BX fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 86.91 points at the first support level, and at 85.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.89, and for the 2nd resistance point, it is at 91.55.

Blackstone Inc. [BX] reported earnings per share of $1.06 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.99/share, meaning a difference of $0.07 and a surprise factor of 7.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $1.49 per share as compared to estimates of $1.44 per share, a difference of $0.05 representing a surprise of 3.50%.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 10 insider purchases totaling 342,667 shares and 2 insider sales totaling 50,000 shares over the past 3 months. Recent insider trading involved Blackstone Holdings I/II GP L., 10% Owner, that happened on Dec 14 when 6.34 million shares were sold. Director, Porat Ruth completed a deal on Dec 02 to buy 20000.0 shares. Meanwhile, 10% Owner Blackstone Holdings III L.P. sold 12.15 million shares on Nov 17.