Blackstone (BX) is back in focus after NVIDIA announced new partnerships on August 10, 2026, to create compute financing platforms intended to mobilize over $500b of third party capital for AI infrastructure.

For context, Blackstone's 30 day share price return of 16.7% and 90 day gain of 21.0% point to building momentum, even though the year to date share price is still down 9.7% and the 1 year total shareholder return is down 12.5%. At the same time, the 3 year and 5 year total shareholder returns of 58.3% and 37.5% keep the longer term picture constructive.

If you are interested in how capital is moving into AI infrastructure, it can be useful to scan a wider set of opportunities through the Simply Wall St screener for 55 AI infrastructure stocks

After the sharp move in Blackstone shares on the NVIDIA news and its stronger recent returns, the key issue now is timing. Does the current price already reflect this shift toward AI and the energy transition, or is it still sensible to wait before entering a position?

Most Popular Narrative: Fairly Valued

Blackstone's last close of $143.38 is almost exactly aligned with the most followed fair value estimate of $143.45, so attention shifts to what is driving that equilibrium.

The analysts have a consensus price target of $143.45 for Blackstone based on their expectations of its future earnings growth, profit margins and other risk factors.

However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $190.0, and the most bearish reporting a price target of just $116.0.

Want to see what sits behind that tight fair value band and wide analyst range? The narrative focuses on faster revenue growth, higher margins and a very specific earnings profile.

Result: Fair Value of $143.45 (ABOUT RIGHT)

However, this narrative can crack if tariffs push up construction costs and compress real estate values, or if market volatility slows realizations and fee revenues at Blackstone.

Another View on Blackstone’s Valuation

The earlier narrative framed Blackstone as fairly valued around $143.45 based on analyst targets. A different lens gives a cooler result. The Simply Wall St DCF model puts fair value at $114.70, which suggests Blackstone may be priced ahead of its modelled future cash flows. Which version of fair value do you find more convincing?

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Blackstone for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 48 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Next Steps

With sentiment on Blackstone clearly mixed, now is the moment to review the full picture yourself and weigh both sides. To see a concise summary of the main risk flags alongside the potential upsides, start with these 2 key rewards and 3 important warning signs

Looking for more ideas beyond Blackstone?

If Blackstone has your attention, do not stop here. Use these focused stock lists to spot other opportunities that match the way you like to invest.

• Target potential value opportunities by checking companies that appear underpriced relative to fundamentals through the 48 high quality undervalued stocks.
• Prioritise resilience and capital preservation by reviewing companies highlighted in the 78 resilient stocks with low risk scores.
• Zero in on quality businesses with strong finances by scanning the solid balance sheet and fundamentals stocks screener (50 results).

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.