Evercore ISI raised the firm’s price target on Blackstone (BX) to $197 from $165 and keeps an Outperform rating on the shares. Following the company’s quarterly report, the firm’s FY25 distributable earnings estimate is up to $5.10 and FY26 raised to $7.40 due to higher fee-related earnings, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BX:
- Blackstone price target raised to $200 from $167 at BofA
- Blackstone price target raised to $192 from $170 at Deutsche Bank
- Blackstone Group: Positioned for Growth Amid Capital Market Resurgence and AI-Driven Expansion
- Blackstone price target raised to $195 from $180 at Citizens JMP
- Blackstone price target raised to $180 from $168 at Keefe Bruyette