Blackstone stock: Morgan Stanley cuts target to USD 165 for Blackstone stock

Published on 10/21/2026 at 17:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit USD 5.04 billion. Blackstone stock costs EUR 97.96 on October 21, 2026, 31.51 percent below its high.

Analyst target and earnings

Morgan Stanley lowered its Blackstone target from USD 184.00 to USD 165.00 on October 16, 2026.
Second-quarter 2026 revenue reached USD 5.04 billion, up 35.90 percent year over year.
Blackstone stock costs EUR 97.96 at Lang & Schwarz on October 21, 2026 at 5:51 p.m. CEST, 31.51 percent below the 52-week high.

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Morgan Stanley lowered its Blackstone target from USD 184.00 to USD 165.00 on October 16, 2026, while keeping an Overweight rating, according to Markets Insider. Blackstone stock was trading at EUR 97.96 at Lang & Schwarz on October 21, 2026 at 5:51 p.m. CEST.

Target cut meets strong quarter

The lower target contrasts with Blackstone's latest reported operating figures. The company generated USD 5.04 billion in revenue during the second quarter of 2026, compared with USD 3.42 billion expected by analysts, according to MarketBeat. Revenue therefore exceeded that comparison by USD 1.62 billion, or 47.37 percent.

Adjusted earnings per share reached USD 1.52 in the same quarter, versus USD 1.34 in consensus estimates. That USD 0.18 gap provides a more specific measure of the quarter than the headline revenue increase.

Stock sits below its yearly high

The euro quote sits within a 52-week range of EUR 87.22 to EUR 143.06 from the German listing on October 21, 2026. EUR 97.96 stands EUR 45.10, or 31.51 percent, below the upper end and EUR 10.74, or 12.31 percent, above the lower end.

Blackstone's primary listing is on the NYSE, where the stock was quoted at USD 109.89 on October 21, 2026 at 11:57 a.m. ET. The primary-market quote carried a market capitalization of USD 126.5 billion and a price-to-earnings ratio of 24.41.

Results date arrives October 22

Blackstone is scheduled to report third-quarter 2026 results before the market opens on October 22, 2026, according to MarketScreener. The date gives investors the next concrete test for fee revenue, realizations and the assumptions behind the revised target.

What matters for valuation

The 24.41 price-to-earnings ratio on the NYSE places the stock in a valuation conversation that depends on the upcoming quarter's earnings quality. Blackstone's reported second-quarter net income was USD 2.36 billion, while operating cash flow reached USD 1.94 billion for the same period.

Price remains the reference point

Blackstone stock was trading at EUR 97.96 at Lang & Schwarz on October 21, 2026 at 5:51 p.m. CEST, with the quote 31.51 percent below the 52-week high of EUR 143.06. The further course of trading is shown by the continuously updated real-time quote of Blackstone stock.