KBW Raises Blackstone (BX) Price Target After Strong Quarterly Earnings Beat

Blackstone Inc. (NYSE:BX) ranks among the best growth stocks to buy for the next 10 years. Keefe, Bruyette & Woods maintained its Market Perform rating on Blackstone Inc. (NYSE:BX) and increased the price target on the company’s shares from $168 to $180 on July 27.

Blackstone’s quarterly results topped both KBW’s and consensus projections by $0.10 per share. Higher fee-related earnings were the main driver of the outperformance, adding $0.08 to the beat, while higher net realizations contributed $0.02.

With base management fees coming in roughly in line with projections, KBW noted that the increased fee-related earnings were mostly a result of higher transaction revenues and fee-related performance revenues. With only minor adjustments to its 2026 and 2027 forecasts, the firm has increased its forward predictions for Blackstone Inc. (NYSE:BX).

Global alternative asset management Blackstone Inc. (NYSE:BX) focuses on hedge fund, credit, real estate, and private equity strategies. The company deals in a number of complex transactions, including growth equity, structured finance, and buyouts.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.