Blackstone (BX, Financial) has reached a binding agreement through its Growth and affiliated funds to acquire a majority stake in NetBrain Technologies. This investment values the company at $750 million and aims to help NetBrain expedite innovation efforts and broaden its global operations. The funding is also set to enhance the scaling of its AI-driven platform to satisfy the increasing demand for intelligent network automation technologies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Blackstone Inc (BX, Financial) is $162.60 with a high estimate of $202.00 and a low estimate of $132.00. The average target implies an downside of 2.46% from the current price of $166.69. More detailed estimate data can be found on the Blackstone Inc (BX) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Blackstone Inc's (BX, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Blackstone Inc (BX, Financial) in one year is $208.83, suggesting a upside of 25.28% from the current price of $166.69. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Blackstone Inc (BX) Summary page.
