Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Blackstone Inc before investing.

In this article, we go over a few key elements for understanding Blackstone Inc’s stock price such as:

• Blackstone Inc’s current stock price and volume
• Why Blackstone Inc’s stock price changed recently
• Upgrades and downgrades for BX from analysts
• BX’s stock price momentum as measured by its relative strength

About Blackstone Inc (BX)

Before we jump into Blackstone Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Blackstone Inc. is an alternative asset manager. The Company’s asset management business includes investment vehicles, which is focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, and secondary funds. The Company operates through four segments: Real Estate, Private Equity, Credit & Insurance, and Hedge Fund Solutions. Its Blackstone Real Estate Partners (BREP) business makes investments in logistics, office, rental housing, hospitality, and retail properties, as well as in a variety of real estate operating companies. The Private Equity segment includes Blackstone Capital Partners, Blackstone Energy Transition Partners, Blackstone Capital Partners Asia, and Blackstone Core Equity Partners. The Credit & Insurance segment includes Blackstone Credit and Blackstone Insurance Solutions (BIS). The Hedge Fund Solutions segment includes Blackstone Alternative Asset Management and GP Stakes businesses.

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Blackstone Inc’s Stock Price as of Market Close

As of May 29, 2024, 4:00 PM, CST, Blackstone Inc’s stock price was $116.13.

Blackstone Inc is down 4.19% from its previous closing price of $121.21.

During the last market session, Blackstone Inc’s stock traded between $120.55 and $124.14. Currently, there are 759.80 million shares of Blackstone Inc stock available for purchase.

Blackstone Inc’s price-earnings (P/E) ratio is currently at 42.7, which is high compared to the Investment Management & Fund Operators industry median of 13.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Blackstone Inc Stock Price History

Blackstone Inc’s (BX) price is currently down 0.41% so far this month.

During the month of May, Blackstone Inc’s stock price has reached a high of $131.34 and a low of $115.82.

Over the last year, Blackstone Inc has hit prices as high as $133.56 and as low as $82.54. Year to date, Blackstone Inc’s stock is up 56.53%.

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What Caused Blackstone Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 28, 2024, there were 11 analysts who downgraded Blackstone Inc’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Blackstone Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Blackstone Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Blackstone Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Blackstone Inc (BX) by visiting AAII Stock Evaluator.

Relative Price Strength of Blackstone Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 28, 2024, Blackstone Inc has a weighted four-quarter relative price strength of 0.85%, which translates to a Momentum Score of 69 and is considered to be Strong.

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Blackstone Inc Stock Price: Bottom Line

As of May 29, 2024, Blackstone Inc’s stock price is $116.13, which is down 4.19% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Blackstone Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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