The Goldman Sachs Group Lowers Blackstone (NYSE:BX) Price Target to $116.00

Key Points

• Goldman Sachs cut its price target on Blackstone to $116 and kept a "neutral" rating, implying roughly a 4.74% downside from the stock's current price.
• Analyst views are mixed — several brokers trimmed targets while Oppenheimer raised its PT to $156 — but the consensus remains a "Moderate Buy" with an average target of about $151.36.
• Fundamentals are supportive: Blackstone beat Q1 estimates, reported record fee‑earning AUM, flagged AI infrastructure exposure and raised its dividend, providing potential growth and income catalysts despite headline risk.

Blackstone (NYSE:BX - Get Free Report) had its price objective lowered by stock analysts at The Goldman Sachs Group from $118.00 to $116.00 in a report released on Friday,MarketScreener reports. The firm currently has a "neutral" rating on the asset manager's stock. The Goldman Sachs Group's price objective would indicate a potential downside of 4.74% from the company's current price.

Several other research analysts have also commented on BX. HSBC reduced their price target on Blackstone from $164.00 to $131.00 and set a "hold" rating for the company in a research report on Friday, April 10th. JPMorgan Chase & Co. reduced their target price on shares of Blackstone from $142.00 to $136.00 and set a "neutral" rating for the company in a report on Friday. Oppenheimer raised their price target on shares of Blackstone from $154.00 to $156.00 and gave the company an "outperform" rating in a report on Friday. Citizens Jmp reduced their price objective on shares of Blackstone from $195.00 to $190.00 and set a "market outperform" rating for the company in a research note on Wednesday. Finally, Piper Sandler lowered their target price on shares of Blackstone from $158.00 to $122.00 and set a "neutral" rating for the company in a research note on Tuesday, April 7th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $151.36.

Blackstone Price Performance

Shares of NYSE:BX opened at $121.77 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.66. Blackstone has a 12 month low of $101.73 and a 12 month high of $190.09. The stock has a market cap of $90.38 billion, a P/E ratio of 31.14, a P/E/G ratio of 1.27 and a beta of 1.74. The company has a 50 day moving average of $116.60 and a 200 day moving average of $138.34.

Blackstone (NYSE:BX - Get Free Report) last announced its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.02. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.45 billion. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. Blackstone's quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share. As a group, sell-side analysts forecast that Blackstone will post 6.12 EPS for the current fiscal year.

Insider Activity at Blackstone

In other news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the completion of the sale, the insider owned 25,832 shares of the company's stock, valued at approximately $90,670.32. The trade was a 99.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Blackstone

Hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Blackstone in the fourth quarter valued at about $1,275,747,000. Capital Research Global Investors grew its holdings in shares of Blackstone by 99.2% during the 4th quarter. Capital Research Global Investors now owns 6,381,767 shares of the asset manager's stock valued at $983,690,000 after purchasing an additional 3,178,133 shares during the last quarter. Vanguard Group Inc. grew its position in Blackstone by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 70,827,437 shares of the asset manager's stock worth $12,100,868,000 after acquiring an additional 1,335,060 shares during the last quarter. Amundi raised its position in Blackstone by 85.6% in the fourth quarter. Amundi now owns 2,709,345 shares of the asset manager's stock valued at $417,620,000 after purchasing an additional 1,249,269 shares during the last quarter. Finally, Close Asset Management Ltd increased its position in Blackstone by 16,035.1% in the 3rd quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager's stock valued at $194,746,000 after acquiring an additional 1,133,197 shares during the period. Hedge funds and other institutional investors own 70.00% of the company's stock.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Q1 beat and record AUM — Blackstone reported Q1 results above estimates, fee‑earning AUM hit a record and management flagged strong AI infrastructure and fee‑related earnings growth, a clear fundamental positive for growth and fee visibility. Blackstone Inc (BX) Q1 2026 Earnings Call Highlights
• Positive Sentiment: Dividend boost — Blackstone declared a $1.16 quarterly dividend (annualized yield ~3.8%), supporting income investors and providing a valuation floor.
• Positive Sentiment: Oppenheimer raised its price target to $156 (outperform), signaling some buy‑side conviction that valuation upside remains despite recent volatility. Oppenheimer raises Blackstone PT to $156
• Positive Sentiment: AI infrastructure exposure — Blackstone‑backed AirTrunk exploring bonds to fund data center expansion highlights the firm's exposure to growing AI infrastructure demand, a growth theme investors like. Blackstone-Backed AirTrunk Explores A$500M Bond
• Neutral Sentiment: Mixed analyst moves — Several firms trimmed price targets but left ratings intact (Deutsche Bank to $146, TD Cowen to $140, Rothschild & Co Redburn to $134), reflecting modestly reduced upside assumptions but not broad sell calls. Deutsche Bank adjusts Blackstone PT to $146 Rothschild & Co Redburn adjusts PT to $134 TD Cowen adjusts PT to $140
• Neutral Sentiment: Other analyst note — Morgan Stanley issued a different PT action (recent coverage note), adding to mixed signals from brokers. Morgan Stanley Lowers Blackstone PT to $184
• Negative Sentiment: Private‑credit stress — WSJ reports two large loan defaults (Medallia, Affordable Care) that hit private‑credit lenders including Blackstone, raising short‑term loss and mark risks in Blackstone’s private‑credit portfolios. Two Big Loan Defaults Add to Pain in Private‑Credit Funds
• Negative Sentiment: Negative market narrative / short interest — Jim Cramer noted heavy short‑seller interest in BX, which can amplify downside on mixed headlines even if fundamentals remain intact. Jim Cramer on Blackstone: “Too Many Short Sellers, But Not a Lot of Failures”

About Blackstone

Blackstone Inc NYSE: BX is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone's business is organized around several principal investment platforms.

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