Morgan Stanley (NYSE:MS) analyst Michael Cyprys maintained a Buy rating on Blackstone Group (NYSE:BX) on Friday, setting a price target of $98, which is approximately 18.13% above the present share price of $82.96.
Cyprys expects Blackstone Group to post earnings per share (EPS) of $1.07 for the second quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Blackstone Group, with an average price target of $82.83.
The analysts price targets range from a high of $98 to a low of $72.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $3.67 billion and a net profit of $0. The company's market cap is $58.4 billion.
According to TipRanks.com, Morgan Stanley analyst Michael Cyprys is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.8% and a 62.36% success rate.
Founded in 1985 and headquartered in New York, The Blackstone Group is one of the world's leading investment companies. It operates through the following segments: Private Equity, Real Estate, Hedge Fund Solutions, and Credit & Insurance.