TD Cowen cuts target for Blackstone stock to USD 144.00
Published on 10/16/2026 at 16:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst targets and earnings
- TD Cowen lowered its Blackstone target to USD 144.00 on October 12, 2026.
- Blackstone is scheduled to report earnings on October 22, 2026.
- Blackstone stock costs EUR 97.70 at Lang & Schwarz on October 16, 2026 at 4:04 p.m. CEST.
- Blackstone's P/E ratio was 24.41 and its market capitalization was USD 125.8 billion on October 16, 2026.
TD Cowen lowered its price target for Blackstone from USD 154.00 to USD 144.00 on October 12, 2026, while keeping a Buy rating, MarketBeat reported. Blackstone stock was at EUR 97.70 at Lang & Schwarz on October 16, 2026 at 4:04 p.m. CEST.
Target cut ahead of earnings
The TD Cowen change places a concrete valuation marker ahead of Blackstone's next scheduled report. The USD 10.00 reduction equals 6.49 percent of the former target, calculated from USD 154.00. The firm retained its Buy rating, so the note combines a lower valuation reference with an unchanged rating.
Blackstone's next earnings report is scheduled for October 22, 2026, before the US market opens, according to Gekko. The same source lists a consensus estimate of USD 1.29 for earnings per share and USD 3.35 billion for revenue. Those estimates give the upcoming release a clear numerical test.
Price position and valuation
Blackstone's Lang & Schwarz quote stood at EUR 97.70 on October 16, 2026 at 4:04 p.m. CEST. The quote's bid was EUR 97.54 and its ask was EUR 97.86. The primary listing is on the NYSE under ticker BX, and the US quote was USD 109.32 at 10:12 a.m. ET on October 16, 2026.
The US listing had a 52-week range of USD 101.73 to USD 165.14 and a market capitalization of USD 125.8 billion on October 16, 2026. Its P/E ratio was 24.41, while the dividend yield was 0.05 percent. The euro quotation and the US quotation are separate venue values and are not combined into one daily percentage.
Comparison with peers
Blackstone Inc. (NYSE, USD): P/E 24.41, market capitalization USD 125.8 billion
KKR & Co. Inc. (NYSE, USD): P/E 27.83, market capitalization USD 79.4 billion
Apollo Global Management, Inc. (NYSE, USD): P/E 25.53, market capitalization USD 67.2 billion
What comes next
The October 22, 2026 earnings date is the next scheduled event. The report will show whether operating results can support the current valuation after the recent target revisions. Blackstone's business spans private equity, real estate, credit, infrastructure and hedge fund solutions, according to Gekko.
Price and investor perspective
The mix of a lower TD Cowen target and an approaching earnings date makes the October report the next measurable checkpoint for Blackstone stock. The market capitalization and P/E comparison place Blackstone above KKR and Apollo on market value while its reported P/E remains below KKR's.
Blackstone was trading at EUR 97.70 at Lang & Schwarz on October 16, 2026 at 4:04 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Blackstone stock.
Blackstone stock facts
- Company: Blackstone Inc.
- ISIN: US09260D1072
- Ticker: BX
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 16, 2026, 4:04 p.m. CEST: EUR 97.70
- Market capitalization: USD 125.8 billion (as of October 16, 2026)
- 52-week range: USD 101.73-165.14 (as of October 16, 2026)
- Sector / Industry: Finance / Investment managers
- P/E ratio: 24.41 (as of October 16, 2026)
- Next earnings date: October 22, 2026
Market context: Market report S&P 500.
