Blackstone Inc

BX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$297.00	Bzjfqc	Xnvkrjpd

Blackstone Earnings: Mixed 2023 Results Should Improve This Year as Rates Fall and Markets Improve

Greggory Warren

Jan 25, 2024

While there was little in narrow-moat rated Blackstone's fourth-quarter results that would alter our long-term view of the firm, we expect to increase our $110 fair value estimate slightly once we've incorporated the results, as well as expectations for an improved 2024, into our valuation. This would leave the company's shares fairly valued relative to their Jan. 25 trading price.

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