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Top Wall Street Forecasters Revamp Blackstone Expectations Ahead Of Q2 Earnings

1. Blackstone's Q2 earnings expected at $1.10, up from $0.96 last year. 2. Projected revenue for the quarter is $2.81 billion, a year-over-year increase. 3. Recent acquisition of NetBrain enhances Blackstone's operational capabilities. 4. Analysts maintain positive outlooks, raising price targets notably. 5. Blackstone shares up 1.5% to close at $171.96.

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FAQ

Why Bullish?

The expected earnings increase and revenue growth indicate financial strength. Historically, positive earnings reports lead to share price appreciation.

How important is it?

The earnings results, revenue growth, and analysts' upgrades directly affect BX’s valuation. Given their consistent history of impacting stock prices, this is highly relevant.

Why Short Term?

Earnings reports typically create immediate market reactions, affecting prices quickly. This scenario aligns with past patterns observed during earnings announcements.

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