Blackstone Inc.

(New York Stock Exchange)
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Bullish +72

Wells Fargo sets USD 122 target for Blackstone stock

Analyst upgrade AI-generated analysis

πŸ“ˆ Blackstone reported Q2 2026 revenue of USD 5.04 billion, a 35.90% increase from the prior year.

πŸ’° Adjusted earnings per share reached USD 1.52, surpassing the analyst consensus estimate of USD 1.34.

πŸ“Š Consolidated net income totaled USD 2.36 billion with a net profit margin of 46.70% in the second quarter.

πŸ’΅ Operating cash flow generated USD 1.94 billion, demonstrating strong cash generation capabilities.

🎯 Wells Fargo initiated coverage with a Hold rating and set a price target of USD 122.00 for Blackstone stock.

πŸ“‰ The stock trades within a 52-week range of USD 101.73 to USD 170.00 as of October 2, 2026.

🏒 Blackstone operates in the Financial Services sector with a market capitalization of approximately USD 134.98 billion.

πŸ“… The next earnings report is scheduled for October 15, 2026, focusing on fundraising and fee growth.

Bullish Signals
  • Blackstone reported Q2 2026 revenue of USD 5.04 billion, significantly beating the analyst consensus estimate of USD 3.42 billion.
  • Adjusted earnings per share of USD 1.52 exceeded expectations, while consolidated net income reached USD 2.36 billion with a 46.70% profit margin.
  • The company generated strong operating cash flow of USD 1.94 billion in the second quarter, highlighting robust liquidity.
  • Revenue grew by 35.90% year-over-year, indicating strong business momentum and fee growth.
Full Analysis
Blackstone Inc. (BX) reported a robust second quarter of 2026, with revenue reaching USD 5.04 billion, representing a significant 35.90% year-over-year increase compared to the prior period. This performance substantially exceeded analyst expectations, which had projected revenue of USD 3.42 billion for the same timeframe. The company's financial strength was further highlighted by adjusted earnings per share of USD 1.52, beating the consensus estimate of USD 1.34. Consolidated net income stood at USD 2.36 billion with a healthy net profit margin of 46.70%, while operating cash flow generated USD 1.94 billion during the quarter. Following this strong earnings release, Wells Fargo initiated coverage on Blackstone stock with a Hold rating and set a price target of USD 122.00. This analyst view provides a benchmark against the company's shares listed on the New York Stock Exchange, where the stock trades within a 52-week range of USD 101.73 to USD 170.00. Blackstone's market capitalization is valued at approximately USD 134.98 billion as of early October 2026. Investors are now looking ahead to the next scheduled earnings report on October 15, 2026, which will serve as a key checkpoint for assessing future fundraising activities, asset realizations, and fee growth trends.