BX
Wall Street just hit the “upgrade” button
Blackstone got a lift from Oppenheimer, which moved the alternative-asset giant from Market Perform to Outperform and set a $154 price target. That’s basically Wall Street’s way of saying, “We think this thing still has room to run.”
Why investors should care
This isn’t happening in a vacuum. Blackstone also just posted a quarter that looked pretty spicy: $1.75 in EPS vs. $1.54 expected and $4.36 billion in revenue, up 41.4% year over year. So now you’ve got a big-name analyst upgrade layered on top of a beat — the kind of combo that can keep momentum traders and long-term holders equally interested.
The fine print behind the cheer
The article also notes that other firms have been adjusting targets too, which tells you the Street is actively re-pricing Blackstone rather than sleepwalking through it. Meanwhile, the stock was trading around $114.86, so Oppenheimer’s new target implies a meaningful upside cushion if the market decides to play along.
Big picture
Blackstone is living that classic “great business, still everybody argues about the valuation” life. But when earnings are beating, revenue is growing fast, and analysts are leaning more bullish, you don’t need a crystal ball to see why BX is back on watch lists.