Blackstone stock performance snapshot after recent trading move

Blackstone (BX) drew attention after its latest trading session, with the stock closing at $123.09. For investors, the current share price sits against a mixed backdrop of recent returns and solid reported profitability.

Over the past day, Blackstone’s stock gained about 0.8%. Over the past week performance has been roughly flat, slipping about 0.3%. Over the past month the stock is up around 0.2%, although it is down about 2.6% over the past 3 months.

For context, Blackstone’s share price has retreated 22.5% year to date, yet the 3 year total shareholder return of 29.4% and 5 year total shareholder return of 46.4% show that longer term holders have still seen gains.

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Blackstone appears to be a robust alternative asset manager on the surface, supported by revenue from multiple segments and solid profitability. However, after the recent pullback and years of prior gains, is the stock actually attractively valued today?

Most Popular Narrative: 14.2% Undervalued

At $123.09, the most followed narrative for Blackstone points to a fair value of $143.45, highlighting a clear gap between current trading and that narrative estimate.

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.

Curious what kind of revenue path and margin profile are baked into that fair value, or how earnings power is expected to scale against a lower future P/E multiple?

Result: Fair Value of $143.45 (UNDERVALUED)

However, this Blackstone narrative could be knocked off course if tariffs raise construction costs and pressure real estate values, or if market volatility slows asset sales and realizations.

Another view on Blackstone’s valuation

While the consensus narrative suggests Blackstone is undervalued versus a $143.45 fair value, the current P/E of 31.7x tells a more cautious story. It is lower than the US Capital Markets industry average of 40.2x, but above Blackstone’s own fair ratio of 26.4x, which points to some valuation stretch. If sentiment cools, the share price could gravitate closer to that lower ratio.

Next Steps

With mixed signals around Blackstone’s current pricing and outlook, this is a moment to check the numbers yourself and move while opinions are still split by weighing 2 key rewards and 3 important warning signs.

Looking for more investment ideas beyond Blackstone?

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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.