Blackstone IncNYSE: BX
Financials · Asset Management & Custody Banks
$126.71
+0.90%
Vol: 5.7M
Research Digest
Friday, May 1, 2026
Blackstone reports record Q1 2026 AUM of $1.3T (+12% YoY) and 25% distributable earnings growth, creating new AI-focused division
Blackstone reported Q1 2026 distributable earnings of $1.36 per share (+25% YoY) with record AUM exceeding $1.3 trillion and $69 billion in quarterly inflows. Fee revenues grew 20% YoY to $2.6 billion. The firm announced creation of a new West Coast AI division managing its OpenAI and Anthropic portfolios. Infrastructure segment grew 41% YoY driven by AI data center investments. BX cut its quarterly dividend from $1.36 to $1.16 as of May 4. Analysts rate the stock Buy with $156.53 price target (+31.65% upside).
Previous Market Intelligence
13 daysApr 30Blackstone Creates New AI & Tech Division; Assets Under Management Hit $1.3 TrillionPositive▶
Blackstone announced April 29 creation of new West Coast AI/tech division to manage portfolio AI investments including OpenAI and Anthropic. Company reported strong Q1 inflows boosting AUM to $1.3T. Infrastructure segment investing €2B in Eurowind Energy (pan-European renewables). Ares acquired Rover pipeline stake from Blackstone. President Jon Gray calls 2026 the "busiest year yet" for product launches; Department of Labor 401(k) rule proposed to ease alternative assets access. Stock +3.2% amid positive momentum. Consensus "Buy" with PT $144.65 (+21.4% upside).
Apr 29Blackstone creates new AI-focused division Blackstone N1 on West CoastPositive▶
Blackstone announced formation of new West Coast-based division Blackstone N1 on April 29, consolidating its AI and high-growth tech investments including OpenAI and Anthropic. Unit led by Jas Khaira relocating from New York to San Francisco. Firm reported strong Q1 2026 earnings with $1.2T in total AUM as of Sept 30, 2025. Department of Labor's proposed rule making 401(k) alternative investments easier also boosted stock. Analyst consensus: 20 analysts rate Buy (12 Buy, 0 Sell, 10 Hold) with $144.65 target (17.5% upside).
Apr 16Blackstone stock surges 5.2% on April 13 after Oppenheimer upgrade to Outperform and files for $2B Blackstone Digital Infrastructure Trust IPOPositive▶
Blackstone shares jumped 5.2% on April 13 following an Oppenheimer upgrade to Outperform, with the firm calling the alternative asset manager a premier franchise at attractive valuation. BMO Capital Markets also raised its price target to $132 from $126. Blackstone filed for an IPO of Blackstone Digital Infrastructure Trust targeting $2 billion in capital to acquire data centers valued $250M-$1.5B leased to hyperscalers benefiting from the AI boom. The firm provided a $226 million loan for 46 industrial outdoor storage facilities across 15 Sunbelt states with tenants including AT&T, United Rentals, and Linde. Blackstone record-breaking $6.3 billion Life Sciences VI fund closed at its hard cap.
Apr 14Oppenheimer upgrades to Outperform; BX surges 5.2% on data center IPO filingPositive▶
Oppenheimer initiated Outperform April 13. BMO raised PT to $132. Filed $2B data-center IPO. 401(k) rule tailwind. Closed $10B+ Capital Opportunities Fund. Surged 5.2%.
Apr 13Digital Infrastructure Trust IPO filing; $10B credit fund close; aircraft leasing initiativePositive▶
Blackstone filed for IPO of Blackstone Digital Infrastructure Trust targeting data centers leased to hyperscalers. Closed Blackstone Capital Opportunities Fund V at $10 billion (oversubscribed at hard cap). Launched $1.6 billion/year Equator aircraft leasing with Dubai Aerospace. Provided $226M loan for outdoor storage facilities. Labor Dept proposed rule easing 401(k) alternative asset access.
Apr 10Blackstone completes $17.2 billion Hologic acquisition and closes $10B Capital Opportunities Fund.Positive▶
Blackstone, TPG, Abu Dhabi Investment Authority, and GIC completed acquisition of Hologic on April 7 for $17.2 billion. Also closed Capital Opportunities Fund V at over $10B in investable capital. Stock traded at $112.73, rising 3.32%. Announced $1.2B investment in West Virginia power facility for AI infrastructure. Q1 2026 earnings before market open April 16.
Apr 9Blackstone closes $10B opportunistic credit fund at hard capPositive▶
Blackstone Inc. raised $10 billion for its latest opportunistic credit fund, signaling sustained investor appetite for private debt market opportunities. The company's opportunistic credit strategy has generated 13% net IRR since inception in 2007, managing $520 billion of total assets across corporate and real estate credit. Blackstone stock rose 3.32%, outperforming financial sector. New Department of Labor rule proposal easing 401(k) access to alternatives boosts outlook. World's largest alternative asset manager with $1.275 trillion in total AUM.
Apr 8Piper Sandler downgrades Blackstone target to $122; Hologic acquisition pending; Q1 earnings April 16.Negative▶
Piper Sandler lowered BX target from $158 to $122 (Neutral), citing valuation compression. Stock at $113.05, down 24% YTD from $190.87 late 2024 despite record $7.1B distributable earnings in 2025. Blackstone/TPG partnership acquiring Hologic (closing ~April 7). Q1 2026 earnings April 16. Q1 EPS expected $1.39 (+27.5% YoY).
Apr 7Blackstone closes $6.3B life sciences fund and partners with TPG on Hologic acquisition amid 28% YTD decline from private credit concerns.Neutral▶
Blackstone announced final close of BXLS VI at $6.3B hard cap with 34 regulatory approvals of innovative medicines/devices. TPG partnership targeting Hologic acquisition with April 7 closing. Tommy Fleetwood joins as first global brand ambassador. Stock $114.33 down 28% YTD and 19.9% YoY from private credit concerns but rallying 5.5% over last 7 days. 2025 revenue $14.21B (+12.24%), earnings $3.02B (+8.74%). Alternative asset manager with $1.275T AUM specializing in PE, VC, real estate, hedge funds, credit. Consensus Buy with $165.50 target implies 44.8% upside if private credit concerns ease. Analyst believes valuations attractive post-decline.
Apr 6Blackstone closes record $6.3B Life Sciences Fund; Q1 earnings April 23.Positive▶
BX Q1 2026 earnings call April 23. Closed record $6.3B Life Sciences Fund VI (largest life sciences private fund). Launched new hedge fund for affluent individuals; acquired Napa Valley's Stanly Ranch resort at auction. PT $154.11 (36% upside).
Apr 3Blackstone raises $6.3B for life-sciences fund amid private-credit challenges and rising redemption requests.Mixed▶
Blackstone closed its latest life-sciences fund with $6.3 billion in commitments. However, the firm faces heightened redemption requests from its private credit fund, leading to a 10.7% year-to-date stock decline. Blackstone Energy Transition Partners acquired majority stake in Advanced Cooling Technologies. Stock at $114.04 (down 30% YTD). 16 analysts rate Buy with 12-month target of $165.50.
Apr 1Blackstone closes record $6.3 billion Life Sciences Fund VI and hosts Q1 2026 investor call April 23 amid market volatility.Mixed▶
Blackstone closed its largest-ever dedicated life sciences fund at $6.3 billion of total capital commitments. The company estimates over $680 million in realized performance revenues for Q1 2026. Blackstone committed $250 million to a Dubai payments platform and agreed to acquire Champions Group. The stock faces a 30% year-to-date decline but jumped 3.5% following the life sciences fund close. Q1 2026 investor call on April 23. Analysts rate BX as Buy with average price target of $156.74.
Mar 31Blackstone closes record $6.3B life sciences fund and launches first hedge fund for affluent individuals.Positive▶
Blackstone closed $6.3B life sciences fund. First hedge fund for affluent individuals. Acquired Stanly Ranch Napa Valley resort. $680M+ realized performance revenues Q1 2026. Analyst target $171.10.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| BLKBLACKROCK | $1,064.80 | -0.08% | +11.1% | 17.6x | 1.49 | $165.6B |
| BXBLACKSTONE | $126.71 | +0.90% | +11.9% | 16.6x | 1.74 | $153.5B |
| KKRKKR | $103.93 | -0.39% | +14.6% | 13.7x | 1.93 | $96.6B |
| BKBANK | $133.85 | -0.39% | +8.7% | 14.0x | 1.05 | $92.2B |
| APOAPOLLO | $130.72 | +1.55% | +21.3% | 12.1x | 1.56 | $74.2B |
| AMPAMERIPRISE | $467.66 | -1.50% | +10.3% | 10.0x | 1.27 | $42.8B |
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Price below 200d MA — bearish structure.