TD Cowen Cuts Blackstone (BX) Price Target to $144
TD Cowen has reiterated its Buy rating on Blackstone Inc. with a revised price target of $144, a 35.12% upside from the current price.
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TD Cowen cut its price target on Blackstone Inc. ($BX) to $144 from $154 on October 12, 2026, and rates the stock "Buy".
Since the rating, $BX is down 7.1% to date (from the $114.78 close on Oct 12, 2026).
BX
Blackstone Inc.
Key Points
- On October 12, 2026, TD Cowen reiterated its Buy rating on Blackstone Inc. with a target price of $144, down from $154.
- TD Cowen's $144 price target implies 35.12% upside from Blackstone Inc.'s ($BX) current $106.57 share price.
- As of October 16, 2026, Blackstone shares were recently trading around $106.57, which is 24.3% below the average target price of $140.77.
- Blackstone has a market cap of approximately $81.97 billion and reported trailing twelve-month revenue of about $15.48 billion.
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TD Cowen has reiterated its Buy rating on Blackstone Inc. (NYSE: BX) with a revised price target of $144, down from $154. This update was made on October 12, 2026. The firm continues to view Blackstone positively despite the adjustment in the target price.
Other Institutional Activity in Blackstone Inc.
Blackrock Inc. reduced its holdings by 758,911 shares, ending with 51,943,245 shares worth about $5.54 billion. Vanguard Capital Management LLC increased its stake by 202,891 shares, bringing its total to 48,510,319 shares valued at approximately $5.17 billion. Morgan Stanley added 2,349,250 shares for a total of 34,842,332 shares worth about $3.72 billion. State Street Corporation grew its position by 435,581 shares, totaling 32,463,609 shares valued at about $3.46 billion. Charles Schwab Investment Management, Inc. boosted its holdings by 2,140,280 shares, ending with 23,500,355 shares worth around $2.51 billion.
Blackstone Inc. Stock Up 0.3%
Blackstone shares are currently trading at $106.57, which is below both the 50-day moving average of $128.73 and the 200-day moving average of $126.48. The stock is also trading 35.5% below its 52-week high of $165.32 but sits 4.8% above its 52-week low of $101.73.
$BX price target
Blackstone Inc. daily closes and this analyst's $144 target. Not advice.
Recent Earnings
For the trailing twelve months, Blackstone reported revenue of approximately $15.48 billion, with a net margin of 22.7% and a return on equity of 31.4%. The next earnings report is set for October 22, 2026.
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.
Insider Buying and Selling at Blackstone Inc.
On May 11, 2026, Director Ruth M Porat bought 438 shares, valued at about $53,974. On August 4 and August 11, several officers sold shares, including Vikrant Sawhney, who sold 30,000 shares for approximately $4.07 million, and John G Finley, who sold 45,000 shares valued at around $6.62 million. David Payne also sold 9,500 shares at an average price of $145.23, totaling about $1.38 million.
Analysts Set New Price Targets
On October 12, 2026, TD Cowen maintained its Buy rating on Blackstone with a target price of $144, down from $154. The consensus among analysts suggests a mean target price of about $140.77 based on 22 opinions, indicating a buy recommendation overall.
About Blackstone Inc.
Blackstone Inc. is a leading alternative asset management firm based in New York, specializing in various investment strategies including private equity, real estate, and credit. The firm manages a diverse portfolio, aiming to deliver strong returns through its expertise in asset management.
Bottom Line
Investors should keep an eye on Blackstone’s upcoming earnings report on October 22, 2026, as well as any future analyst updates. TD Cowen's recent rating reiteration provides insight into the firm's current stance on the stock amidst market fluctuations.
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Source: TD Cowen's rating change on $BX (Oct 12, 2026). Written by software, not financial advice. How we make alerts