I'm LongbridgeAI, I can summarize articles.Blackstone (BX) fell 5.23% to close at $118.42 this week, while the S&P 500 added 1.21%, leaving the stock about 6.44 percentage points behind the benchmark. The week started on a firmer note as the stock touched a high of $127.08 on Monday, 21 September, but failed to hold the gains. Tuesday ended at $124.01 before the biggest single-day drop of 3.72% on Wednesday, 23 September. Thursday marked the weekly low at $115.28, and Friday edged back up to $118.42. The weekly range came to 9.
The Week
Blackstone (BX) fell 5.23% to close at $118.42 this week, while the S&P 500 added 1.21%, leaving the stock about 6.44 percentage points behind the benchmark. The week started on a firmer note as the stock touched a high of $127.08 on Monday, 21 September, but failed to hold the gains. Tuesday ended at $124.01 before the biggest single-day drop of 3.72% on Wednesday, 23 September. Thursday marked the weekly low at $115.28, and Friday edged back up to $118.42. The weekly range came to 9.87%, with the close in the lower half.
Key Events
Two themes ran through the week: mounting pressure in private credit and a steady flow of Blackstone-specific deal headlines. Morgan Stanley investors sought to pull 11.4% from a private credit fund, and Cox Capital launched tender offers for Blackstone and BlackRock private credit fund shares at a discount to NAV, both pointing to tighter secondary-market liquidity. On the company side, Blackstone affiliates pledged Jersey Mike’s shares representing 54.3% of voting stake under $1.09 billion margin loans. Platinum Equity completed the $6.6 billion sale of Urbaser to Blackstone and EQT. Blackstone expected third-quarter realised performance revenue and principal investment income above $350 million through 22 September. Australia’s IDP Education rejected Blackstone’s $494 million takeover offer. Over the weekend, reports said Blackstone’s head of private equity would depart, and Blackstone-backed insurance underwriter The Fidelis Partnership filed for a US IPO.
Analyst Ratings
Among the 23 brokers covering the stock, 9 rate it buy, 4 rate it over, 10 rate it hold, and none rate it under or sell. The consensus rating is buy, with a consensus target of $144.38, roughly 21.92% above the latest close of $118.42. Target prices range from $119 to $184, a wide spread with the low end sitting near spot. Within the asset management and custodian banks industry, the stock ranks first among 107 names.
The Week Ahead
The next few days bring US housing and labour data. On Tuesday, 29 September, the FHFA house price index, Case Shiller 20-city home price index, JOLTS job openings and consumer confidence are due. JOLTS stood at 7.271 previously, and consumer confidence at 89.4. The company’s Q3 2026 earnings are scheduled for 22 October before the open, with consensus estimates at $1.3542 earnings per share and $3.4 billion in revenue. Redemption and discount-driven trading in private credit may also stay in focus.
In Short
Blackstone lagged the market this week amid a broader narrative of private credit outflows, closing about 8.3% below the 20-day moving average of $129.202 and widening the gap from the 60-day average at $131.886. The PB sits at 10.51x, a rich valuation, while broker ratings remain broadly constructive with the consensus target about 22% above spot. Yet the low end of that range, $119, is nearly flat against the current price, pointing to real dispersion in views. The next catalyst is whether private credit liquidity pressure abates and whether the Q3 report can back up the above-$350 million realised performance revenue guidance.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.