Blackstone Secured Lending Fund Exceeds Analyst Target Price of $31.91

In recent trading, shares of Blackstone Secured Lending Fund (Symbol: BXSL) have surpassed the average analyst 12-month target price of $31.91, now trading at $31.97 per share. When a stock reaches its target price, analysts generally have two responses: they can either downgrade the stock based on valuation or raise their target price. Additionally, analysts may adjust their projections based on the company’s fundamental developments that influence stock price movements. Positive company performance could prompt an upward revision of the target price.

Analyst Target Breakdown

Eight analysts within the Zacks coverage universe contribute to the target price average for Blackstone Secured Lending Fund. However, this average only represents a mathematical mean. Some analysts have lower price targets, including one that anticipates a target of $27.00. Conversely, another analyst has set a target as high as $35.00, with a standard deviation of $2.434.

Investor Considerations

The rationale for examining the average BXSL price target is to benefit from the “wisdom of crowds” approach, synthesizing insights from numerous analysts rather than relying on a single expert’s opinion. With BXSL’s price now above the average target price of $31.91, investors are encouraged to reassess the company. They should consider whether $31.91 is merely a milestone on the path to an even higher target or if the stock’s valuation has become inflated, warranting a reevaluation of their positions.

The average rating displayed in the table ranges from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. Data used in this article is sourced from Zacks Investment Research via Quandl.com.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.