Recent exceptional positive changes in investment behavior have benefitted Blackstone Inc (NYSE: BX): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Blackstone Inc (NYSE: BX) has benefited from significant positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BX is expected to continue to be a major Value Builder.
Blackstone has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Blackstone has a very low Appreciation Score of 15 but a good Power Rating of 71, resulting in the Negative Value Trend Rating.
Recent Price Action
On 6/28/24, Blackstone Inc (NYSE: BX) stock declined slightly by -0.3%, closing at $123.80. Moreover, this decline was accompanied by above average trading volume at 130% of normal. The stock has declined -0.7% during the last week but has been strong relative to the market over the last nine months.
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