Blackstone Secured Lending Fund Surpasses Analyst Price Target: Investors Weigh Their Options
In recent trading, shares of Blackstone Secured Lending Fund (Symbol: BXSL) have moved past the average analyst 12-month target price of $32.09, currently priced at $32.30 per share. When a stock reaches an analyst’s target, they usually face a choice: either downgrade their valuation or adjust their target price upward. The decision may also hinge on the company’s recent developments that may have influenced the stock’s rise — a positive outlook could suggest it’s time for a higher target price.
There are eight different analyst targets included in the Zacks coverage universe that contribute to the average for Blackstone Secured Lending Fund. However, it’s important to note that this average is simply a mathematical calculation. For instance, one analyst has set a lower target at $29.00, while another aims for a much higher price of $33.00. The standard deviation among these targets is $1.523.
The rationale for examining the average BXSL price target is to capture collective insights, merging the views of multiple analysts instead of relying solely on one opinion. With BXSL trading above the average target price of $32.09 per share, this development offers investors a prompt to reevaluate the company’s prospects. They must decide if $32.09 is merely a stepping stone towards an even higher target, or if the valuation has become overly stretched, leading them to consider selling some shares. Below is a table that summarizes the current perspectives of analysts monitoring Blackstone Secured Lending Fund:
| Recent BXSL Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 5 | 5 | 6 | 6 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 3 | 3 | 2 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.78 | 1.78 | 1.56 | 1.56 |
The average rating shown in the last row of the table above uses a scale from 1 to 5, where 1 stands for Strong Buy and 5 for Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
