Morgan Stanley raised the firm’s price target on Blackstone to $125 from $116 and keeps an Overweight rating on the shares. Blackstone achieved the $1T AUM milestone with Q2 results, “marking the first” of the alternative asset managers to do so, the firm noted. The firm sees Blackstone with “key growth engines” that provide a path towards $2T over the next five years, supported by large end markets and secular tailwinds, the analyst tells investors.
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Read More on BX:
- Blackstone price target raised to $117 from $115 at Oppenheimer
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- Blackstone price target raised to $117 from $105 at BofA
- Blackstone price target raised to $118 from $110 at Evercore ISI