Blackstone Mortgage Trust's Price Target Lowered by Analyst to $19.50

Keefe, Bruyette & Woods analyst Jade Rahmani lowered the price target for Blackstone Mortgage Trust (BXMT) from $20.00 to $19.50, representing a 2.50% decrease. The analyst maintained a "Market Perform" rating on BXMT. The average target price for BXMT is $20.67 with a high estimate of $23.00 and a low estimate of $19.50, suggesting an upside of 10.87% from the current price.

Keefe, Bruyette & Woods analyst Jade Rahmani has recently revised the price target for Blackstone Mortgage Trust (BXMT), lowering it from $20.00 to $19.50. This adjustment represents a 2.50% decrease from the previous target. Rahmani maintains a "Market Perform" rating on BXMT, indicating a neutral outlook on the stock's performance.

The current average target price for BXMT stands at $20.67, with estimates ranging from a high of $23.00 to a low of $19.50. This suggests a potential upside of 10.87% from the stock's current price of $18.30. Despite the downward revision, the overall sentiment remains positive, with analysts expecting the stock to appreciate over the coming months.

The revised target reflects the analyst's assessment of recent market conditions and the company's financial performance. Rahmani's decision to lower the price target underscores a cautious approach to the stock, while the "Market Perform" rating indicates a balanced view of BXMT's prospects.

For more information on Keefe, Bruyette & Woods' ratings and price targets, visit [1] https://www.marketbeat.com/ratings/by-issuer/keefe-bruyette-woods-stock-recommendations/.

References:
[1] https://www.marketbeat.com/ratings/by-issuer/keefe-bruyette-woods-stock-recommendations/