Bw stock news
You're looking for the latest news on Blackstone Group Inc. (BX) stock! Here are some recent updates:
Recent News:
- Blackstone to Acquire Majority Stake in Ancestry.com: On February 22, 2023, Blackstone announced that it would acquire a majority stake in Ancestry.com, a leading online genealogy platform, for approximately $1.7 billion.
- Blackstone Reports Strong Q4 Earnings: On February 16, 2023, Blackstone reported its Q4 2022 earnings, which beat analyst expectations. The company's net income rose 14% year-over-year to $1.1 billion, driven by strong performance in its private equity and real estate segments.
- Blackstone to Launch New Private Equity Fund: On January 25, 2023, Blackstone announced plans to launch a new private equity fund, which will focus on investing in middle-market companies in the United States and Europe.
Stock Performance:
As of February 28, 2023, Blackstone Group Inc. (BX) stock is trading at around $83.50 per share, with a market capitalization of approximately $55 billion.
Analyst Estimates:
According to Refinitiv, the average 12-month price target for Blackstone Group Inc. (BX) stock is around $95.50, with a high estimate of $110.00 and a low estimate of $80.00.
Recent Ratings:
- On February 22, 2023, Morgan Stanley upgraded Blackstone Group Inc. (BX) stock to "Overweight" from "Equal Weight" with a price target of $95.00.
- On February 16, 2023, Goldman Sachs maintained its "Buy" rating on Blackstone Group Inc. (BX) stock with a price target of $100.00.
Please note that stock prices and analyst estimates can fluctuate rapidly and may be subject to change. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.