Analyst Consensus ?
ConsensusBuy30 ratings
Bullish1963.3%
Neutral1033.3%
Bearish13.4%
Blackstone Inc. · BX · FY2024 Q3 · Calendar Q4 2024
Blackstone Q3: Record AUM and Faster Capital Deployment
The supplied Q3 analysis supports a constructive operating narrative: strong deployment, private-credit expansion, data-center demand, and fundraising provide growth support. The case is less complete because no formal guidance or reported-versus-consensus result was supplied, while expenses, realizations, and secondary performance remain risks.
Reported Before market openNYSEFinancial Services
$132.86B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.96
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $2.41B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+6.3%
Event window
SPY move
+0.0%
Same window
Abnormal move
+6.3%
Stock minus SPY
Volume
3.2×
Versus trailing sessions
Subsequent drift
+6.8%
Up to 20 sessions
BXSPY benchmark
Ask FN2 about BX FY2024 Q3
Transcript, numbers and history already loaded
What drove BX's +6.3% move after FY2024 Q3 earnings?What changed in BX's guidance and outlook in FY2024 Q3?Give me the bull and bear case for BX after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the supplied Q3 analysis points to a larger deployment base, record AUM, further expansion of private credit, and a broader data-center platform following AirTrunk. Prior priorities around private-wealth products, infrastructure expansion, and fundraising remained in place, while operating expenses and secondary-fund performance became more prominent concerns.
Guidance delta
No formal guidance was provided in the supplied analysis.
Key takeaways
- Management highlighted $123 billion of capital deployment over the last 12 months, twice the prior-year level.
- The global data-center platform, including the AirTrunk acquisition, was presented as a central growth engine.
- Private-credit assets reached $432 billion, supported by insurance relationships and institutional demand.
- BREIT net flows and relative performance pointed to improving private-real-estate demand.
- Management linked the outlook to lower financing costs, AI-related compute demand, renewable energy, fundraising, and new private-wealth vehicles.
Management priorities
- Expand the global data-center platform and pursue follow-on investments after AirTrunk.
- Complete fundraising for flagship private-equity, energy-transition, European real-estate, and real-estate-debt funds.
- Launch additional private-wealth perpetual vehicles for credit and infrastructure.
- Scale insurance and asset-based lending partnerships.
- Pursue higher BREIT net flows and broader real-estate acquisition opportunities.
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Analyst 52W Price Targets
$109.98Previous close
$85Low
$137.52Average
$184High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 14, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| TD Cowen | Buy | Buy | Maintain | Oct 12, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 8, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Aug 27, 2026 |
| Argus Research | Buy | Buy | Maintain | Jul 30, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Jul 24, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jul 24, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 16, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 13, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Jul 9, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Apr 27, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Apr 21, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Mar 24, 2026 |
| UBS | Neutral | Neutral | Maintain | Feb 20, 2026 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Oct 24, 2025 |
| Citigroup | Neutral | Neutral | Maintain | Oct 13, 2025 |
| Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintain | Jul 25, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Jul 25, 2025 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 11, 2025 |
| B of A Securities | Buy | Buy | Maintain | Apr 21, 2025 |
| Credit Suisse | Underperform | Underperform | Maintain | Apr 21, 2023 |
| Exane BNP Paribas | Neutral | Outperform | Downgrade | Apr 7, 2022 |
| Susquehanna | Outperform | Positive | Maintain | Nov 25, 2020 |
| Stifel Nicolaus | Buy | Buy | Maintain | Nov 25, 2020 |
| Keefe Bruyette & Woods | Outperform | Outperform | Maintain | Nov 25, 2020 |
| Jefferies | Buy | Buy | Maintain | Nov 25, 2020 |
| Citi | Neutral | Buy | Downgrade | Nov 25, 2020 |
| Bank of America | Buy | Buy | Maintain | Nov 25, 2020 |
| Argus | Buy | Buy | Maintain | Nov 25, 2020 |
| Stifel | Buy | Buy | Maintain | Apr 19, 2013 |
| Sterne Agee | Buy | Buy | Maintain | May 23, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $109.98. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $124 | $111.8 | +12.7% | Oct 8, 2026 |
| UBS | Michael Brown | $122 | $119.35 | +10.9% | Sep 23, 2026 |
| Argus Research | Analyst unavailable | $150 | $127.66 | +36.4% | Jul 30, 2026 |
| RBC Capital | Analyst unavailable | $169 | $128.65 | +53.7% | Jul 24, 2026 |
| Oppenheimer | Analyst unavailable | $140 | $126.03 | +27.3% | Jul 24, 2026 |
| Goldman Sachs | Alexander Blostein | $127 | $124.49 | +15.5% | Jul 24, 2026 |
| Barclays | Benjamin Budish | $128 | $124.49 | +16.4% | Jul 24, 2026 |
| HSBC | Analyst unavailable | $135 | $126.89 | +22.7% | Jul 20, 2026 |
| Barclays | Analyst unavailable | $119 | $121 | +8.2% | Jul 9, 2026 |
| Piper Sandler | Analyst unavailable | $130 | $121.66 | +18.2% | Apr 27, 2026 |
| RBC Capital | Analyst unavailable | $173 | $121.76 | +57.3% | Apr 24, 2026 |
| Oppenheimer | Analyst unavailable | $156 | $122.33 | +41.8% | Apr 24, 2026 |
| Morgan Stanley | Analyst unavailable | $184 | $132.71 | +67.3% | Apr 21, 2026 |
| Evercore ISI | Analyst unavailable | $150 | $132.76 | +36.4% | Apr 21, 2026 |
| RBC Capital | Bart Dziarski | $179 | $113.71 | +62.8% | Feb 23, 2026 |
| UBS | Michael Brown | $137 | $123.64 | +24.6% | Feb 20, 2026 |
| Piper Sandler | Analyst unavailable | $158 | $142.42 | +43.7% | Feb 2, 2026 |
| UBS | Analyst unavailable | $171 | $141.49 | +55.5% | Jan 30, 2026 |
| RBC Capital | Analyst unavailable | $195 | $142.94 | +77.3% | Jan 30, 2026 |
| Barclays | Analyst unavailable | $164 | $142.94 | +49.1% | Jan 30, 2026 |
| UBS | Michael Brown | $172 | $155.59 | +56.4% | Jan 13, 2026 |
| Barclays | Benjamin Budish | $172 | $154.1 | +56.4% | Dec 12, 2025 |
| UBS | Michael Brown | $175 | $156.6 | +59.1% | Dec 11, 2025 |
| Piper Sandler | Crispin Love | $168 | $154.98 | +52.8% | Oct 24, 2025 |
| Deutsche Bank | Brian Bedell | $166 | $156.69 | +50.9% | Oct 24, 2025 |
| Morgan Stanley | Analyst unavailable | $215 | $161.62 | +95.5% | Oct 21, 2025 |
| Piper Sandler | Analyst unavailable | $173 | $162.46 | +57.3% | Oct 9, 2025 |
| Barclays | Analyst unavailable | $171 | $164.91 | +55.5% | Oct 8, 2025 |
| Barclays | Benjamin Budish | $192 | $171.34 | +74.6% | Jan 13, 2025 |
| Evercore ISI | Glenn Schorr | $181 | $169.73 | +64.6% | Oct 18, 2024 |
| BMO Capital | Etinenne Ricard | $134 | $169.73 | +21.8% | Oct 18, 2024 |
| Goldman Sachs | Alexander Blostein | $150 | $169.73 | +36.4% | Oct 18, 2024 |
| Evercore ISI | Glenn Schorr | $155 | $153.04 | +40.9% | Oct 14, 2024 |
| Barclays | Benjamin Budish | $155 | $151.92 | +40.9% | Oct 7, 2024 |
| BMO Capital | Etinenne Ricard | $112 | $138.59 | +1.8% | Jul 19, 2024 |
| Piper Sandler | Crispin Love | $149 | $136.41 | +35.5% | Jul 19, 2024 |
| Barclays | Benjamin Budish | $126 | $121.28 | +14.6% | Jul 10, 2024 |
| Goldman Sachs | Alexander Blostein | $123 | $119.01 | +11.8% | Apr 19, 2024 |
| BMO Capital | Etinenne Ricard | $110 | $120.62 | +0.0% | Apr 19, 2024 |
| Deutsche Bank | Brian Bedell | $138 | $120.32 | +25.5% | Apr 19, 2024 |
| Piper Sandler | Crispin Love | $146 | $132 | +32.8% | Apr 10, 2024 |
| Barclays | Benjamin Budish | $129 | $129.87 | +17.3% | Apr 8, 2024 |
| Deutsche Bank | Brian Bedell | $142 | $126.01 | +29.1% | Apr 5, 2024 |
| Loop Capital Markets | Étienne Ricard | $101 | $124.54 | -8.2% | Jan 26, 2024 |
| Evercore ISI | Glenn Schorr | $117 | $107.51 | +6.4% | Jul 21, 2023 |
| Oppenheimer | Chris Kotowski | $111 | $83.4 | +0.9% | Apr 13, 2023 |
| Barclays | Analyst unavailable | $86 | $83.94 | -21.8% | Jan 12, 2023 |
| Wells Fargo | Analyst unavailable | $95 | $80.53 | -13.6% | Jan 11, 2023 |
| BMO Capital | Analyst unavailable | $85 | $78.01 | -22.7% | Jan 5, 2023 |
| Goldman Sachs | Analyst unavailable | $86 | $77.16 | -21.8% | Jan 4, 2023 |
| Piper Sandler | Analyst unavailable | $111 | $73.09 | +0.9% | Dec 21, 2022 |
| Barclays | Analyst unavailable | $80 | $75.39 | -27.3% | Dec 19, 2022 |
| BMO Capital | Analyst unavailable | $90 | $85.16 | -18.2% | Dec 5, 2022 |
| Barclays | Analyst unavailable | $90 | $85.04 | -18.2% | Dec 2, 2022 |
| BMO Capital | Analyst unavailable | $109 | $88.48 | -0.9% | Nov 23, 2022 |
| Deutsche Bank | Analyst unavailable | $128 | $99.61 | +16.4% | Nov 15, 2022 |
| Goldman Sachs | Analyst unavailable | $101 | $83.7 | -8.2% | Oct 3, 2022 |
| Deutsche Bank | Analyst unavailable | $153 | $108.34 | +39.1% | Aug 12, 2022 |
| Deutsche Bank | Analyst unavailable | $147 | $91.4 | +33.7% | Jul 13, 2022 |
| Wells Fargo | Analyst unavailable | $101 | $89.66 | -8.2% | Jul 13, 2022 |
| Goldman Sachs | Analyst unavailable | $112 | $91.07 | +1.8% | Jun 29, 2022 |
| Deutsche Bank | Brian Bedell | $180 | $107.57 | +63.7% | May 22, 2022 |
| BMO Capital | James Fotheringham | $142 | $107.28 | +29.1% | Apr 27, 2022 |
| Jefferies | Gerald O’Hara | $155 | $108.11 | +40.9% | Apr 26, 2022 |
| Deutsche Bank | Brian Bedell | $182 | $110.59 | +65.5% | Apr 24, 2022 |
| Morgan Stanley | Analyst unavailable | $154 | $120.24 | +40.0% | Apr 20, 2022 |
| Wells Fargo | Analyst unavailable | $120 | $117.02 | +9.1% | Apr 19, 2022 |
| Citigroup | William Katz | $117 | $112.98 | +6.4% | Apr 16, 2022 |
| Deutsche Bank | Brian Bedell | $186 | $112.8 | +69.1% | Apr 11, 2022 |
| Goldman Sachs | Alexander Blostein | $160 | $132.25 | +45.5% | Feb 6, 2022 |
| Bank of America Securities | Craig Siegenthaler | $170 | $124.28 | +54.6% | Jan 30, 2022 |
| Wells Fargo | Finian O'Shea | $122 | $112.69 | +10.9% | Jan 18, 2022 |
| Citigroup | William Katz | $120 | $121.02 | +9.1% | Jan 12, 2022 |
| Argus Research | Stephen Biggar | $163 | $133.96 | +48.2% | Oct 27, 2021 |
| BMO Capital | James Fotheringham | $114 | $135.08 | +3.7% | Oct 22, 2021 |
| UBS | Adam Beatty | $135 | $125.2 | +22.7% | Sep 21, 2021 |
| Barclays | Jeremy Campbell | $95 | $84.31 | -13.6% | Apr 23, 2021 |
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Start freeCompany context
Snapshot as of publicationBlackstone Inc. operates as a prominent alternative asset manager, specializing in a broad spectrum of investment strategies. Its expertise encompasses real estate, private equity, credit solutions, comprehensive hedge fund offerings, public debt and equity, multi-asset class approaches, and secondary funds of funds. While often backing nascent businesses, the firm also extends its services to capital markets. Its real estate division targets diverse opportunities: high-potential opportunistic ventures, core-plus assets, and stable, income-generating commercial properties. Additionally, it engages in debt investments secured by commercial real estate. These activities span North America, Europe, and Asia. Blackstone's global private equity arm executes varied transactions, including substantial buyouts, mid-market acquisitions, special situations, and distressed mortgage loans.…
Historical context
All BX earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| GS-PA The Goldman Sachs Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | +32.3% | — | Goldman’s financing and wealth engines strengthen as AI demand persists |
| GS-PD The Goldman Sachs Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | +32.3% | — | Goldman Sachs posts record Q3 as financing and wealth remain strong |
| GS The Goldman Sachs Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | +32.3% | -0.2% | Goldman Sachs posts record Q3 as financing and advisory stay strong |
| C Citigroup Inc. | FY2026 Q3 · Calendar Q4 2026 | +7.5% | -5.6% | Citi lifts ROTCE outlook after strong Q3, keeps investing |
| JPM-PK JPMorgan Chase & Co. | FY2026 Q3 · Calendar Q4 2026 | -6.1% | — | JPMorgan posts strong Q3 as deposits, markets and AWM support growth |
| JPM-PD JPMorgan Chase & Co. | FY2026 Q3 · Calendar Q4 2026 | -6.1% | — | JPMorgan Q3: Strong Results, Cautious on Rates and Credit |
Latest beats and misses
Who reports nextBeat on EPS
Missed on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-14T10:50:44.849532+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-14T10:50:44.846818+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-14. For educational purposes only; not investment advice.