Blackstone stock carries Falcata defense launch into October

Published on 10/04/2026 at 10:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Blackstone stock was priced at USD 111.75 on October 2, 2026, with a 0.44 percent daily decline. Wells Fargo set a USD 122 target and Equal Weight rating.

BX, US09260D1072, Illustration mit AI erstellt.

Blackstone (ISIN US09260D1072) closed at USD 111.75 on the NYSE on October 2, 2026, down 0.44 percent from the prior session. The company had launched Falcata one day earlier, creating a defense technology platform through the combination of TSC and Applied Systems Engineering, as Yahoo Finance reported on October 1, 2026.

Falcata adds a defense platform

Falcata brings together sensing, radar, guidance, navigation and control technologies used in missile defense and other national security missions. The platform gives Blackstone an additional investment route into defense manufacturing, while its financial contribution was not disclosed in the October 1 release.

The transaction is strategically distinct from Blackstone's core asset-management earnings. It targets industrial capacity and technology ownership rather than directly expanding fee revenue from existing private-market funds.

Quarterly figures beat consensus

Blackstone reported USD 5.04 billion in quarterly revenue for the latest reported quarter, up 35.9 percent year over year, according to MarketBeat. Adjusted EPS was USD 1.52 versus USD 1.34 consensus, a USD 0.18 beat, while the same source reported USD 0.98 EPS in the prior-year quarter.

The earnings profile therefore combines strong reported growth with exposure to volatile performance fees and realizations. That distinction matters because the latest quarterly revenue figure includes investment-related fluctuations rather than a simple recurring management-fee trend.

Wells Fargo sets a USD 122 target

Wells Fargo initiated Equal Weight coverage with a USD 122 price target on October 2, 2026, according to MarketBeat. The target stands USD 10.25 above the October 2 closing price, while MarketBeat reported a broader average target of USD 147.50 from its analyst coverage data.

Blackstone stock remains below its yearly high

Blackstone stock closed at USD 111.75 on October 2, 2026, against a 52-week range of USD 101.73 to USD 170.00. Market capitalization stood at USD 133.6 billion, and volume reached 5,704,784 shares on the same session.