Oppenheimer Raises Blackstone (BX) Price Target to $168
Key Points
- Oppenheimer maintained an Outperform rating on Blackstone Inc. on October 23, 2026, boosting its price target to $168.00 from $164.00.
- Oppenheimer's $168 price target implies 44% upside from Blackstone Inc.'s ($BX) current $116.67 share price.
- The stock recently traded around $116.67, sitting below both its 50-day and 200-day moving averages.
- Blackstone reported $15.48 billion in trailing twelve-month revenue alongside a net profit margin of 22.7%.
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On October 23, 2026, Oppenheimer reiterated its Outperform rating on Blackstone Inc. (NYSE: BX) while lifting its price target from $164.00 to $168.00. The analyst note offers a forward-looking perspective on the alternative asset manager as Wall Street firms adjust their targets for the financial services sector.
BX
Blackstone Inc.
Oppenheimer vs. the S&P 500
Hypothetical returns from Oppenheimer's disclosed trades, not real profit or advice. How we model this.
Oppenheimer's Call on Blackstone
In its research note issued on October 23, 2026, Oppenheimer maintained its Outperform rating on Blackstone and bumped its target up by $4.00 to $168.00. This firm view follows earlier adjustments from other Wall Street houses earlier in the month, such as UBS maintaining a Neutral rating with a $116.00 target on October 13, 2026, and Piper Sandler keeping a Neutral stance while raising its target from $125.00 to $126.00 on October 23, 2026.
Blackstone Inc. Stock Up 6.5%
Blackstone shares recently traded around $116.67 as of October 23, 2026, sitting close to their closing price of $116.75 on the day of the rating change. The recent price places the stock about 7.2% below its 50-day moving average of $125.66 and 6.9% below its 200-day moving average of $125.28. The shares rest 29.4% under their 52-week high of $165.14, while holding 14.7% above their 52-week low of $101.73.
$BX price target
Blackstone Inc. daily closes and this analyst's $168 target. Not advice.
Recent Earnings
For the trailing twelve months, Blackstone generated $15.48 billion in revenue. The asset management firm recorded earnings of $4.49 per share over the same period. Profitability metrics show a net margin of 22.7% and a return on equity of 31.4%.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target cuts vs 3 raises.
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EPS & revenue
EPS missed estimates by 1.9%. Revenue beat estimates by 17.2%.
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Profit surprise
EBITDA missed by 33 percent. Operating income missed by 29 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises, 4 target cuts.
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Earnings quality
Gross margin up 2.5 points. Operating margin down 10.5 points.
Earnings Call Summary
Blackstone reported outstanding results with $4.1 billion in revenue beating consensus by $600 million and distributable earnings of $1.36 per share versus $1.35 expected. Assets grew 12 percent year over year to $1.3 trillion, driven by $69 billion in quarterly inflows and strong investment performance across infrastructure and credit. The firm emphasized its AI infrastructure dominance with over $150 billion deployed and plans to take public a new data center company focused on newly constructed facilities. Despite geopolitical turbulence and criticism of private credit, management highlighted institutional and insurance demand remains strong, with credit platform growing 15 percent year over year to $536 billion.
Guidance Management provided no forward guidance. They noted market volatility from the Iran conflict will likely push out exit activity near term but expect robust activity in the second half if conflict resolves. The firm reiterated confidence in its capital-light model and ability to deploy $74 billion of dry powder in credit.
Negative report. Results or guidance disappointed and expectations are likely to move lower.
Dividend
Blackstone pays an annual dividend rate of $5.23 per share, translating to a dividend yield of 4.77%. The company's dividend payout ratio stands at 111.2%.
Insider Buying and Selling at Blackstone Inc.
Company insiders have completed several transactions over recent months. Director Ruth M. Porat bought 438 shares valued at $53,974 on May 11, 2026. On the selling side, officer Vikrant Sawhney disposed of 30,000 shares worth $4.07 million on August 4, 2026. Officer John G. Finley sold 45,000 shares for $6.62 million on August 11, 2026, and officer David Payne sold 9,500 shares at an average price of $145.23 for a total value of $1.38 million on the same day.
Analysts Set New Price Targets
Wall Street sentiment remains generally favorable across 22 analyst opinions, holding a consensus buy recommendation with a mean price target of $138.27. Recent updates include JP Morgan maintaining a Neutral rating with a $135.00 target on October 23, 2026, down slightly from $136.00.
About Blackstone
Headquartered in New York, Blackstone Inc. operates as an alternative asset management firm. It focuses on private equity, real estate, hedge fund solutions, credit, and multi-asset class strategies, providing capital markets services to a wide array of clients worldwide.
Bottom Line
Oppenheimer's increased target reflects continued confidence in the firm's long-term outlook despite recent trading levels sitting below major moving averages. Investors will want to watch upcoming earnings reports and further analyst updates to gauge whether the stock approaches Oppenheimer's $168.00 target.
Related Filing Alerts
Source: Oppenheimer's rating change on $BX (Oct 23, 2026). Written by software, not financial advice. How we make alerts