Blackstone Inc.

(New York Stock Exchange)
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Bullish +60

UBS raises target for Blackstone stock from USD 116.00 to USD 118.00

Analyst upgrade Dividend AI-generated analysis

πŸ“ˆ UBS raised its Blackstone price target from USD 116.00 to USD 118.00 on October 23, 2026.

πŸ’° Third-quarter revenue reached USD 3.06 billion, down slightly from USD 3.09 billion in the prior year's quarter.

πŸ“Š Net income attributable to Blackstone grew to USD 662.37 million, with diluted earnings per share rising to USD 0.83.

🏒 The firm completed a 97.6% stake acquisition in Senio on October 8, 2026.

πŸ’΅ Blackstone announced a quarterly dividend of USD 1.12 with an ex-dividend date of November 2, 2026.

πŸ“‰ Fee-related earnings stood at USD 1.57 billion while distributable earnings reached USD 1.72 billion for the quarter.

πŸ“ˆ Stock price traded at EUR 105.95 on October 26, 2026, up 2.57% from the previous Xetra close.

🏦 Market capitalization was valued at USD 135.8 billion as of October 23, 2026.

βš–οΈ The new analyst target remains only USD 0.03 above the latest NYSE price of USD 117.97.

πŸ” Investors are watching the pace of realizations due to the shift in earnings mix toward fee-related income.

Bullish Signals
  • UBS raised its price target for Blackstone from USD 116.00 to USD 118.00, signaling continued analyst confidence.
  • Net income attributable to Blackstone increased to USD 662.37 million in the third quarter compared to USD 624.92 million a year earlier.
  • Diluted earnings per share rose to USD 0.83 from USD 0.80, demonstrating improved profitability per share.
  • Blackstone completed the acquisition of a 97.6% stake in Senio, expanding its portfolio and operational footprint.
  • Fee-related earnings reached USD 1.57 billion, providing a stable revenue stream despite lower exit-linked income.
Risk Factors
  • Third-quarter revenue declined to USD 3.06 billion from USD 3.09 billion in the prior year's quarter.
  • Distributable earnings of USD 1.72 billion were lower than fee-related earnings of USD 1.57 billion, indicating a shift in income mix.
  • Weaker exit-linked income leaves the stock sensitive to the pace of realizations and market liquidity conditions.
Full Analysis
UBS raised its price target for Blackstone Inc. from USD 116.00 to USD 118.00 on October 23, 2026, citing a mix of higher fee-related earnings and weaker exit-linked income. The firm's stock traded at EUR 105.95 on October 26, 2026, representing a 2.57% gain above the prior Xetra close, while the market cap stood at USD 135.8 billion as of late October. Blackstone reported third-quarter revenue of USD 3.06 billion for the period ended September 30, 2026, a slight decline from USD 3.09 billion in the prior year's quarter. Despite the revenue dip, net income attributable to Blackstone increased to USD 662.37 million, driven by diluted earnings per share rising to USD 0.83 from USD 0.80. The company also completed a significant strategic move on October 8, 2026, by acquiring a 97.6% stake in Senio. Investors are now closely monitoring the pace of realizations as the earnings mix shifts toward fee-related income, which currently stands at USD 1.57 billion compared to USD 1.72 billion in distributable earnings for the quarter. Shareholders can expect a quarterly dividend of USD 1.12 with an ex-dividend date set for November 2, 2026, and payment scheduled for November 9, 2026. The new UBS target remains just USD 0.03 above the latest NYSE price, suggesting a narrow near-term valuation gap as the stock focuses on execution of its asset management strategy.