The Week

Blackstone (BX) fell 2.76% this week to close at $124.96, lagging the S&P 500, which slipped 0.08%. The week was choppy: shares opened higher on Monday and reached a high of $129.58, dropped to $121.416 on Wednesday on heavier volume, bounced on Thursday, then pulled back again on Friday to finish near the open. Weekly amplitude was 6.44%, with average daily volume of about 3.81 million shares, in line with the 60-day median.

Key Events

The firm’s own news centred on AI and infrastructure. On Tuesday, TXNM Energy and Blackstone Infrastructure announced an enhanced $300 million customer and community benefits package for New Mexico. On Wednesday, Blackstone’s CFO said its scale gives it an edge in the AI boom and that an earnings surge should fuel growth in AI, infrastructure and fundraising; the firm also pushed back on fears of a private-credit crisis. On Thursday, Bloomberg reported that banks are providing a $22 billion chip loan to the Blackstone-Alphabet cloud venture, while Blackstone and Brookfield placed a bid for GFL Environment in what could be 2026’s largest leveraged buyout. The week also brought reports on a possible sale of Clarion Events’ Asian unit, a secondary share sale for a real estate fund, and a loan to acquire a data-centre cooling firm. Director Joseph Baratta disclosed a sale of about $12.43 million in common shares.

Analyst Ratings

Twenty-three institutions cover Blackstone: nine rate it buy, three overweight, and eleven hold, with no underweight or sell ratings. The consensus rating is buy, with a consensus target of $144.38, or about 15.5% above the current price. Target prices range from $119 to $184, showing wide dispersion. Blackstone ranks first among 108 names in the asset management and custody bank industry.

The Week Ahead

A busy stretch of US macro data lies ahead: the Richmond Fed composite index on Tuesday, EIA crude and Cushing inventories on Wednesday, and jobless claims, the current account balance, new home sales and natural gas storage on Thursday. Blackstone has no earnings date on the calendar. The GFL bid, the data-centre cooling acquisition loan, and the real estate fund secondary sale are worth tracking for follow-through.

In Short

Blackstone’s shares pulled back this week, lagging a slightly lower S&P 500, even as the firm signalled heavy AI and infrastructure activity, including the $22 billion chip loan, the GFL bid and multiple asset sales. The consensus view among institutions remains buy, with a target above spot, though the wide target range suggests disagreement. On valuation, the stock trades at about 28.4x earnings and 11.1x book, and the latest session shows large and medium orders tilting toward net selling. The next test is whether these deals progress and whether macro data supports asset prices.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.