Blackstone Secured Lending Fund Shares Surpass Analyst Target Price
In recent trading, shares of Blackstone Secured Lending Fund (Symbol: BXSL) have surpassed the average analyst 12-month target price of $32.97, currently trading at $33.27 per share. When a stock reaches an analyst’s target, they typically face two options: downgrade their valuation or adjust the target price upward. Analyst reactions may also hinge on the fundamental business developments that contribute to the stock price increase; if the company is performing well, a higher target price may be warranted.
There are eight different analyst targets within the Zacks coverage universe that contribute to BXSL’s average price target. However, this average is simply a mathematical calculation. Some analysts set lower targets, with one predicting a price of $31.00, while another has set a higher target of $35.00. The standard deviation stands at $1.242.
The primary purpose of examining the average BXSL price target is to leverage the “wisdom of crowds.” This approach combines insights from various analysts rather than relying on a single expert opinion. As BXSL has crossed above the average target price of $32.97, investors are prompted to reassess the company. They face a critical question: Is $32.97 merely a stepping stone to an even higher target, or has the valuation reached a point where profit-taking is advisable? The following table outlines the current analyst perspectives on Blackstone Secured Lending Fund:
| Recent BXSL Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 5 | 5 | 5 | 5 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 3 | 3 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.78 | 1.78 | 1.78 | 1.78 |
The average rating displayed here ranges from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Strong Sell. This analysis utilized data provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on BXSL, click here — it’s free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
