BofA cuts target for Blackstone stock from USD 138.00 to USD 122.00

Published on 10/06/2026 at 17:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 5.04 billion, up from USD 3.71 billion. For Blackstone stock, market value is USD 136.4 billion.

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Bank of America cut its Blackstone price target from USD 138.00 to USD 122.00 while retaining a Buy rating in a note dated October 5, 2026, according to Markets Insider. The move puts the target USD 9.09 above Blackstone stock's October 6 market price of USD 112.91.

Target cut meets strong earnings

Blackstone's second-quarter 2026 total revenue reached USD 5.04 billion, compared with USD 3.71 billion in the second quarter of 2025, an increase of 35.90 percent, according to StockTitan. The same report recorded GAAP net income attributable to Blackstone Inc. of USD 1.23 billion and basic earnings per share of USD 1.54, up from USD 0.98 a year earlier.

Non-GAAP Fee Related Earnings rose 22.00 percent year over year to USD 1.78 billion, while Distributable Earnings increased 26.00 percent to USD 1.98 billion in the second quarter of 2026. Assets under management reached USD 1.35 trillion, supported by USD 68.3 billion of quarterly inflows.

Analysts split on earnings visibility

Bank of America's target cut contrasts with Wells Fargo's October 1, 2026 initiation at Equal Weight and a USD 122.00 target, reflecting concern about earnings volatility in choppy capital markets. The two target levels match, but the ratings differ, leaving the market with a clear divide between a Buy view and a neutral stance.

The contrast matters because Blackstone's latest results combine strong fee growth with uneven realization timing. Management reported that fee-related performance revenue rose 68.00 percent year over year to USD 793.0 million in the second quarter, while net realizations increased 27.00 percent to USD 414.0 million.

Stock remains below its yearly high

At 11:15 a.m. ET on October 6, 2026, Blackstone traded at USD 112.91 on the NYSE. The price was USD 1.26, or 1.13 percent, above the USD 111.65 prior close, while the USD 169.21 52-week high left the stock 33.27 percent below that level.

Blackstone's market capitalization stood at USD 136.4 billion as of October 6, 2026. The next earnings date listed for the company is October 15, 2026.