Blackstone Inc.

(New York Stock Exchange)
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Somewhat Bullish +50

Blackstone Stock: Is Wall Street Bullish or Bearish?

Dividend Earnings report AI-generated analysis

πŸ“‰ BX shares have declined 17% over the past year and 22.3% year-to-date, significantly underperforming the S&P 500 and peer ETF GPZ.

πŸ’° Q3 2026 distributable earnings fell 9.2% to $1.72 billion, while fee-related earnings rose 6.2% to $1.57 billion.

πŸ“ˆ Assets under management (AUM) grew 10.2% to $1.37 trillion, supported by quarterly inflows of $63.3 billion.

πŸš€ Blackstone deployed $30.09 billion in capital and generated $33.14 billion in realizations during the quarter.

πŸ’΅ The company declared a quarterly dividend of $1.12 per share payable on Nov. 9, 2026, and repurchased 0.2 million shares.

πŸ“ˆ BX stock rose 8.4% immediately following the Q3 earnings announcement despite mixed financial metrics.

🏦 Blackstone launched the Blackstone Private Markets Fund (BXPM) on Sept. 24, 2026, to expand private wealth offerings for non-U.S. investors.

🎯 Analysts expect diluted EPS to rise 5.8% to $5.89 for the fiscal year ending December 2026.

πŸ“Š The consensus analyst rating is 'Moderate Buy' with a mean price target of $137.29, implying a 14.6% premium.

πŸ‘¨β€πŸ’Ό UBS analyst Michael Brown maintained a 'Neutral' rating but raised his price target to $118 from $116.

Bullish Signals
  • Fee-related earnings increased 6.2% to $1.57 billion, demonstrating resilience in core revenue streams despite overall distributable earnings decline.
  • Assets under management (AUM) grew 10.2% year over year to $1.37 trillion, indicating strong investor confidence and capital inflows of $63.3 billion.
  • The company successfully deployed $30.09 billion in capital while generating $33.14 billion in realizations, highlighting efficient asset turnover.
  • Blackstone shares rose 8.4% on the day of the Q3 earnings report, showing positive market reaction to the guidance and AUM growth.
  • The firm has exceeded Wall Street's consensus EPS estimates for each of the past four quarters, signaling consistent operational execution.
  • Analysts project diluted EPS to rise 5.8% to $5.89 for the current fiscal year, reflecting expectations for continued profitability growth.
  • Blackstone launched a new perpetual multi-strategy fund (BXPM) to capture non-U.S. private wealth demand and expand its platform.
Risk Factors
  • Distributable earnings fell 9.2% to $1.72 billion, a significant drop that contributed to the stock's substantial underperformance against the S&P 500.
  • BX shares have declined 17% over the past year and 22.3% year-to-date, trailing far behind the index's gains and peer ETF GPZ.
  • The consensus analyst rating includes 11 'Hold' ratings out of 24 analysts, suggesting a cautious outlook despite recent stock price increases.
Full Analysis
Blackstone Inc. (BX), the world's largest alternative asset manager with a market cap of $94.3 billion, reported Q3 2026 earnings on Oct. 22. While total revenue declined marginally to $3.06 billion and distributable earnings fell 9.2% to $1.72 billion, fee-related earnings increased 6.2% to $1.57 billion. The company's assets under management (AUM) grew 10.2% year over year to $1.37 trillion, driven by significant quarterly inflows of $63.3 billion. Despite a broader market rally and outperformance by peers like the VanEck Alternative Asset Manager ETF, BX shares have underperformed significantly over the past year, declining 17% compared to the S&P 500's gain of 8.2%. However, the stock reacted positively to the earnings report, rising 8.4% on Oct. 22 after the company declared a quarterly dividend of $1.12 per share and repurchased 0.2 million shares. Blackstone continues to expand its private wealth offerings with the launch of the Blackstone Private Markets Fund (BXPM) on Sept. 24, 2026, targeting non-U.S. investors. Analysts maintain a 'Moderate Buy' consensus rating with a mean price target of $137.29, representing a 14.6% premium to the current share price. The company has exceeded Wall Street's consensus EPS estimates for four consecutive quarters, with full-year diluted EPS expected to rise 5.8% to $5.89.