Blackstone Inc.
BX
$147.17
+3.89%
Blackstone Inc. is the world's largest alternative asset manager, operating across private equity, real estate, credit, and insurance with $1.304 trillion in total assets under management. The firm's scale and diversified product lines make it a dominant platform in the alternative investment industry, serving both institutional and high-net-worth clients. Currently, investor attention is focused on Blackstone's expansion into private credit and the potential opening of the 401(k) market to alternative assets, which could drive significant fee growth. However, recent headlines about redemption limits in its private credit funds and broader concerns about credit stress have introduced caution, creating a debate about the sustainability of its growth and liquidity management.…
BX
Blackstone Inc.
$147.17
Related headlines
BX 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on Blackstone Inc.'s 12-month outlook, with a consensus price target around $142.38 and implied upside of -3.3% versus the current price.
Average Target
$142.38
0 analysts
Implied Upside
-3.3%
vs. current price
Analyst Count
—
covering this stock
Price Range
$119 - $184
Analyst target range
The target price range spans from a low of $119.00 to a high of $184.00, indicating a wide dispersion of 54.6% from low to high, reflecting significant uncertainty about the company's future. The high target of $184 assumes a strong recovery in fundraising and deployment, coupled with multiple expansion as the market rewards Blackstone's scale in private credit. The low target of $119 prices in prolonged redemption pressures and potential credit losses, which could compress earnings. Recent ratings actions have been mostly reaffirmations of existing ratings, with no major upgrades or downgrades, suggesting analysts are holding steady but not becoming more bullish. The wide spread between low and high targets highlights the market's uncertainty about the impact of private credit stress and the pace of AUM growth.
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BX Technical Analysis
Blackstone's stock is in a clear downtrend over the past year, with a 1-year price change of -21.2%, significantly underperforming the S&P 500's +21.46% gain. The current price of $133.45 sits at 35.7% of its 52-week range (between $101.73 low and $190.09 high), indicating the stock is closer to its lows than highs, reflecting persistent selling pressure. This positioning suggests the market is pricing in fundamental concerns, but also that the stock may be approaching oversold levels, potentially offering a value opportunity if the underlying business stabilizes.
Beta
1.55
1.55x market volatility
Max Drawdown
-45.9%
Largest decline past year
52-Week Range
$102-$190
Price range past year
Annual Return
-13.5%
Cumulative gain past year
| Period | BX Return | S&P 500 |
|---|---|---|
| 1m | +19.6% | +2.1% |
| 3m | +23.0% | +3.8% |
| 6m | +13.4% | +13.1% |
| 1y | -13.5% | +21.2% |
| ytd | -7.3% | +13.0% |
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BX Fundamental Analysis
Blackstone's revenue has shown strong growth, with Q1 2026 revenue of $4.10 billion, up 39.3% year-over-year, accelerating from the 23.5% growth in Q1 2025. The company's fee-earning AUM has expanded to $937.6 billion, driving base management fees across all segments. However, revenue growth is lumpy, with Q4 2025 revenue of $4.36 billion and Q3 2025 revenue of $2.81 billion, reflecting the variability of performance fees and investment income. The growth is broad-based, with private equity and credit segments contributing significantly, but real estate remains a drag due to ongoing market challenges.
Quarterly Revenue
$4.1B
2026-03
Revenue YoY Growth
+39.3%
YoY Comparison
Gross Margin
98.5%
Latest Quarter
Free Cash Flow
$3.4B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Revenue Breakdown
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Valuation Analysis: Is BX Overvalued?
Given Blackstone's positive net income, the PE ratio is the primary valuation metric. The trailing PE is 39.7x, while the forward PE is 17.8x, indicating the market expects substantial earnings growth. This gap suggests that the market is pricing in a significant recovery in earnings, likely driven by higher fee-related earnings and realized performance fees. The forward PE of 17.8x is attractive relative to the trailing multiple, but it hinges on the company meeting aggressive earnings estimates.
PE
39.7x
Latest Quarter
vs. Historical
Mid-Range
5-Year PE Range 13x~53x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
27.1x
Enterprise Value Multiple
