Blackstone: Constant Acquisitions

Blackstone: Constant Acquisitions

Blackstone Stock Analysis

Summary

 

  • Blackstone Group has increased its exposure in the Nordic region with a large investment in real estate.
  • Acquisitions show that the company is aiming to continue growing its revenue and has more room to grow.
  • The earnings report and analyst recommendations are pointing to further increases in the company’s stock price.
  • I Know First algorithm is bullish on Blackstone group over the long-term time horizon.

Blackstone’s constant building

The Blackstone Group L.P. (NYSE:BX) has achieved an impressive gross profit of $7,363 million so far this year and is currently operating in 22 locations worldwide.

The global investment bank, who specializes in alternative assets, has been adding to its ever growing portfolio through its constant acquisition. These acquisitions show a boisterous mood within the firm and is thus the BX stock is looking like a potentially profitable stock to add to ones portfolio.

Based on the last closing price, I Know First algorithm is quite bullish on this stock in the long term, with a bullish algorithmic forecast to support the fundamental analysis.

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