TD Cowen cuts target for Blackstone stock from USD 154.00 to USD 144.00

Published on 10/13/2026 at 12:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD Cowen kept Buy on October 12, 2026. Blackstone stock is EUR 102.90 on October 13, 2026, 0.59 percent above the EUR 102.30 Xetra close.

TD Cowen cut its Blackstone price target from USD 154.00 to USD 144.00 while keeping a Buy rating on October 12, 2026.
Blackstone launched Falcata on October 1 with more than USD 1.0 billion committed to defense technology acquisitions.
Blackstone stock was EUR 102.90 at Lang & Schwarz on October 13, 2026, 0.59 percent above the October 12 Xetra close of EUR 102.30.
Second-quarter 2026 revenue reached USD 5.04 billion, up 35.90 percent year over year, according to MarketBeat.

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Blackstone Inc. stock was trading at EUR 102.90 at Lang & Schwarz on October 13, 2026 at 12:33 p.m. CEST, 0.59 percent above the Xetra close of October 12, 2026 at EUR 102.30. On October 12, 2026, Markets Insider reported that TD Cowen cut its price target for Blackstone stock from USD 154.00 to USD 144.00 while keeping a Buy rating.

Three dates define the setup

On July 23, 2026, Blackstone reported second-quarter revenue of USD 5.04 billion, up 35.90 percent from the same quarter of 2025, while earnings per share reached USD 1.52 against a USD 1.34 consensus estimate, according to MarketBeat. On October 1, 2026, Blackstone launched Falcata through the combination of Technology Service Corp. and Applied Systems Engineering, with more than USD 1.00 billion in debt and equity committed to the platform, as Business Wire reported.

The October 12, 2026 TD Cowen action is the latest of the three events and changes the valuation reference rather than the companys operating figures. The new USD 144.00 target remains USD 41.10 above the October 12 primary-exchange price of USD 102.90 only as a currency-separated comparison, so it is not combined with the euro quote.

When are the next dates?

Blackstones next quarterly earnings call is scheduled for October 22, 2026, according to Drillr. The next Form 10-Q filing is expected on November 6, 2026, based on the company event calendar reported by TickerScout.

What does the target cut change?

The cut puts more weight on Blackstones earnings mix ahead of the third-quarter report. Second-quarter distributable earnings were USD 1.98 billion, up 26.30 percent year over year, while fee-related earnings rose 22.20 percent to USD 1.78 billion, according to MarketBeat.

That growth was not uniform. Blackstones assets under management reached USD 1.35 trillion at June 30, 2026, up 11.20 percent year over year, but the companys private-credit and wealth channels remain sensitive to redemption activity and the pace of asset realizations. The upcoming report therefore has a measurable test: whether fee growth and capital inflows can support the higher end of the firms earnings trajectory after TD Cowens lower valuation reference.

Blackstone stock remains in its annual range

Blackstone trades under the symbol BX on the NYSE, according to Business Wire. The primary-exchange quote was USD 114.78 on October 12, 2026, while the USD 101.73 to USD 166.39 52-week range shows that the current valuation remains well inside the years observed trading band.

At Lang & Schwarz, Blackstone stock was trading at EUR 102.90 on October 13, 2026 at 12:33 p.m. CEST, 0.59 percent above the Xetra close of October 12, 2026 at EUR 102.30. The further course of trading is shown by the continuously updated real-time quote of Blackstone stock.