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Benzinga
25 days

These Analysts Raise Their Forecasts On Blackstone Following Q2 Earnings

1. Blackstone's Q2 earnings surpassed expectations with 25% DE increase. 2. Total assets under management hit a record $1.2 trillion. 3. Segment revenues grew 22% YoY to $3.075 billion, exceeding forecasts. 4. Analysts raised price targets post-earnings; Deutsche Bank to $192. 5. Shares rose 3.6% to $178.11 following the announcement.

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FAQ

Why Very Bullish?

Strong quarterly results and record assets increase investor confidence, likely boosting share price.

How important is it?

The article emphasizes significant financial growth and analyst optimism, suggesting a direct impact on BX's price.

Why Short Term?

Immediate positive earnings sentiment can translate to short-term share price spikes, similar to past high-performance quarters.

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