Blackstone stock forecast trends in July 2024 suggest support

Blackstone stock forecast trends in July 2024 suggest support levels near $128 and resistance around $145, with technical indicators like RSI showing neutral momentum at Here are three dividend-paying stocks , highlighted by Wall Street's top pros as tracked by TipRanks, a platform that ranks analysts based on their past performance. Blackstone is highly sensitive to interest rates. The firm benefits from lower financing costs and rising valuations when the Federal Reserve cuts rates. Markets currently price in a 100 basis point rate cut over the next year , which could boost portfolio company valuations and fee realizations. BX’s massive $180 billion in dry powder positions it to strike aggressively in a falling rate environment. Institutional buy ratings persist despite macro headwinds in global equity markets.