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UBS Reaffirms Their Hold Rating on Blackstone Group (BX)

Tipranks - Tipranks - Sat Feb 21, 5:40AM CST

UBS analyst Michael Brown maintained a Hold rating on Blackstone Group today and set a price target of $137.00.

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Brown covers the Financial sector, focusing on stocks such as Blue Owl Capital, Blackstone Group, and BlackRock. According to TipRanks, Brown has an average return of 12.8% and a 64.65% success rate on recommended stocks.

Currently, the analyst consensus on Blackstone Group is a Moderate Buy with an average price target of $164.67.

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Based on Blackstone Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.81 billion and a net profit of $624.92 million. In comparison, last year the company earned a revenue of $3 billion and had a net profit of $780.84 million

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