BofA cuts target for Blackstone stock to USD 122

Published on 10/06/2026 at 12:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA cut its target from USD 138 to USD 122 on October 5, 2026. Blackstone stock was EUR 99.71 on October 6, 2026.

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Blackstone Inc. (ISIN US09260D1072) faces a lower Bank of America target of USD 122, down from USD 138, after the analyst update dated October 5, 2026. Markets Insider reported that Craig Siegenthaler retained a Buy rating while adjusting estimates ahead of third-quarter earnings.

Target cut meets strong results

The lower target contrasts with Blackstone's second-quarter 2026 operating figures. StockTitan reported USD 5.0 billion in total revenue and USD 1.2 billion in GAAP net income for the quarter ended June 30, 2026. Basic earnings per share reached USD 1.54, compared with USD 0.98 in the same quarter of 2025.

The same filing summary put distributable earnings at USD 2.0 billion, or USD 1.52 per share, up 26 percent year over year, while assets under management reached USD 1.3 trillion. Those figures show why the analyst debate is centered on realization timing and valuation rather than a lack of scale.

Realization revenue sets the test

Blackstone's latest intra-quarter update provides a nearer-term gauge. StockTitan said the company preliminarily expected more than USD 350.0 million of realized performance revenues and realized principal investment income for July 1 through September 22, 2026, with 90 percent from realized performance revenues.

The update is not a full-quarter forecast, because it excludes realization activity after September 22 and other income sources. That distinction matters for investors assessing whether second-quarter momentum can carry into the third quarter.

Stock price and valuation context

Blackstone was trading at EUR 99.71 at Lang & Schwarz on October 6, 2026 at 12:33 p.m. CEST. The primary listing is NYSE under ticker BX, and the latest structured quote showed a USD 134.9 billion market capitalization and a USD 101.73 to USD 190.09 52-week range as of October 5, 2026.

The further course of trading is shown by the continuously updated real-time quote of Blackstone stock.