Blackstone stock gains 1.24 percent as Falcata expands

Published on 10/06/2026 at 17:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Blackstone stock was trading at USD 113.03 on October 6, 2026, as the firm expands into defense technology. Second-quarter revenue rose 35.9 percent year over year.

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Blackstone Inc. (ISIN US09260D1072) was trading at USD 113.03 on the NYSE on October 6, 2026, up 1.24 percent from the prior close. The asset manager is committing more than USD 1 billion to Falcata, a defense technology platform launched through the combination of Applied Systems Engineering and Technology Service Corp., as Yahoo Finance reported on October 1, 2026.

Falcata adds a new platform

Falcata will target sensing, guidance, navigation and control technologies for interceptors designed to counter drones, missiles and other aerial threats. Blackstone plans to add more companies to the platform, linking the investment to a broader defense strategy rather than a single acquisition.

The commitment exceeds USD 1 billion in debt and equity, according to the report, while Blackstone has not disclosed the financial terms of the individual acquisitions. The structure gives the company another route to deploy capital and pursue realizations beyond its established real estate, private equity and credit businesses.

Second-quarter revenue jumps 35.9 percent

Blackstone reported USD 5.04 billion of total revenue in the second quarter of 2026, up from USD 3.71 billion in the second quarter of 2025. The same StockTitan summary reports GAAP net income attributable to Blackstone of USD 1.23 billion and basic earnings per share of USD 1.54 for Q2 2026.

The broader consolidated net income figure was USD 2.36 billion in Q2 2026, according to the standardized financial statements. Revenue growth came alongside assets under management of USD 1,346.3 billion and quarterly inflows of USD 68.3 billion, figures reported for the same period.

Analyst targets remain above the stock

MarketBeat lists a Moderate Buy consensus from 25 analysts, including 13 Buy ratings and 12 Hold ratings, with an average 12-month target of USD 147.50. The highest target is USD 189.00 and the lowest is USD 122.00.

Using the USD 113.03 NYSE price on October 6, 2026, the average target lies 30.5 percent above the price. The spread matters because Wells Fargo began coverage with an Equal Weight rating and a USD 122.00 target on October 2, 2026, according to MarketBeat.

Blackstone stock stays below its yearly high

Blackstone stock was trading at USD 113.03 on October 6, 2026, with an intraday range of USD 112.11 to USD 113.79 and volume of 786,534 shares. The USD 136.5 billion market capitalization places the stock 33.2 percent below its 52-week high of USD 169.21, while the 52-week low is USD 101.73.

The next earnings report is scheduled for October 15, 2026, according to Investing.com. That date will put the partial third-quarter realization update and the Falcata expansion against the next reported operating figures.