Blackstone Stock Drops 3.25% Amid Target Price Cuts

On April 10, 2025, Blackstone's stock experienced a 3.25% drop in pre-market trading.

Blackstone, a leading global alternative asset management and financial advisory services firm, has seen its stock price fluctuate in recent days. On April 9, the company's stock price fell by 5.01%, reflecting a broader trend of downward pressure on the stock. This decline comes amidst a series of target price adjustments by major financial institutions.

On April 7, Barclays reduced its target price for Blackstone from $186.00 to $129.00, maintaining an "Equal Weight" rating. This move was followed by Piper Sandler, which lowered its target price from $182.00 to $140.00 while keeping a "Neutral" rating. These adjustments suggest a cautious outlook on the company's near-term prospects.

Despite these challenges, Blackstone's financial performance remains robust. As of December 31, 2024, the company reported total revenue of $13.23 billion, a 64.9% increase year-over-year, and net income attributable to the company of $2.777 billion, up 99.62% from the previous year. These strong financial results underscore the company's resilience and growth potential.

Looking ahead, Blackstone is scheduled to release its first-quarter earnings report for the fiscal year 2025 on April 17, 2025, before the market opens. This report will provide further insights into the company's performance and may influence investor sentiment in the coming weeks.