Full Breakdown
Blackstone Shares Face Analyst Target Cuts Ahead of Q3 Earnings
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Analyst Target Reductions
On October 21, 2026, BMO Capital lowered its price target for Blackstone Inc. from USD 150.00 to USD 130.00 while keeping an Outperform rating, citing heightened uncertainty after a September rate spike and concerns over liability-sensitive businesses such as private equity and real-estate. Earlier, on October 16, 2026, Morgan Stanley reduced its target from USD 184.00 to USD 165.00, maintaining an Overweight stance. Both adjustments reflect a more cautious outlook despite the firm’s recent earnings beat.
Recent Financial Performance
Blackstone reported second-quarter 2026 revenue of USD 5.04 billion, surpassing analysts’ consensus estimate of USD 3.42 billion by USD 1.62 billion (a 47.37 % increase). Adjusted earnings per share were USD 1.52 versus the expected USD 1.34, a USD 0.18 gap. Net income for the quarter stood at USD 2.36 billion, and operating cash flow reached USD 1.94 billion.
Market Valuation and Trading
At the close of October 21, 2026, Blackstone’s primary-market share traded at USD 109.89 on the NYSE, giving the company a market capitalization of USD 126.5 billion and a price-to-earnings ratio of 24.41. In Europe, the EUR-denominated quote on the German Xetra exchange ranged between EUR 87.22 and EUR 143.06 over the past 52 weeks; on October 21, 2026, it was EUR 97.96, roughly 31.5 % below the yearly high and 12.3 % above the low. The following morning, October 22, 2026, pre-market trading showed the stock at EUR 96.83, 1.89 % lower than the prior day’s close.
Upcoming Earnings Release
Blackstone is scheduled to release its third-quarter 2026 results before the market opens on October 22, 2026. Analysts will use the upcoming figures to assess fee-related revenue, asset realizations, and the assumptions underlying the recent target revisions.
