Summary:
- Blackstone's strategic investment in NetBrain Technologies enhances its innovation and market expansion potential.
- Analysts predict a price fluctuation for Blackstone with a high estimate reaching $202.00.
- According to GuruFocus, Blackstone is estimated to see a potential upside of 24.28% in the next year.
Blackstone's Strategic Move with NetBrain Technologies
In a strategic push to bolster innovation and global influence, Blackstone (NYSE: BX) has invested significantly in NetBrain Technologies, valuing the network automation firm at $750 million. This move underlines Blackstone's commitment to driving growth and expanding technological capabilities. As a result, pre-market activities reflected positively on Blackstone’s shares, which edged up by 0.71% to $167.88.
Analyst Forecasts for Blackstone
Wall Street analysts remain divided on Blackstone's near-term trajectory. Based on projections from 19 analysts, the one-year average price target stands at $162.60. The forecasts present a high estimate of $202.00 and a low of $132.00. This average target suggests a potential downside of 3.23% from the current trading price of $168.03. For more in-depth pricing forecasts, visit the Blackstone Inc (BX, Financial) Forecast page.
Consensus Ratings and Recommendations
Blackstone Inc. (BX, Financial) currently holds an "Outperform" status based on an average brokerage recommendation score of 2.4, derived from the input of 24 brokerages. The rating system ranges from 1 (Strong Buy) to 5 (Sell), positioning Blackstone as a favorable investment option according to consensus views.
GuruFocus GF Value Insight
GuruFocus provides an insightful metric with its estimated GF Value for Blackstone Inc. (BX, Financial), positing a one-year projection of $208.83. This estimate suggests an optimistic upside potential of 24.28% from the stock's recent price of $168.03. The GF Value represents the theoretical fair value of the stock, formulated through historical trading multiples, past growth, and future business estimates. For further details, explore the Blackstone Inc (BX) Summary page.
