Could Blackstone’s (BX) Moves in Europe and Retirement Markets Redefine Its Competitive Edge?

• In late October 2025, Blackstone Inc. reported mixed third-quarter earnings, announced executive leadership changes in its European private equity division, and confirmed ongoing discussions regarding its self-storage portfolio sale in Western Australia.
• Amid these business updates, the company also declared a quarterly dividend increase and highlighted that recent U.S. regulatory reforms could open up substantial new inflows from the retirement market for alternative asset managers.
• We will explore how Blackstone’s expanding assets under management and access to new retirement markets impact its investment outlook.

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Blackstone Investment Narrative Recap

To be a Blackstone shareholder, you need to believe in the firm's ability to expand assets under management and convert inflows, especially from newly accessible U.S. retirement channels, into long-term revenue growth. Recent earnings, leadership changes, and the pending sale of its Australian self-storage portfolio do not materially affect the immediate catalyst: continued strong fundraising and capital deployment. However, persistent market volatility and uncertain global economic conditions remain the biggest risk in the near term.

Of the recent announcements, the uptick in quarterly dividend to US$1.29 per share stands out. This move not only underscores management’s comfort with near-term cash flows but also speaks to Blackstone’s ongoing push to attract and retain a wider base of income-focused investors, a cohort that could become even more important as alternative assets flow from the US retirement market.

By contrast, investors should also recognize that in periods of global market stress, Blackstone’s ability to rapidly deploy its cash reserves could become limited…

Read the full narrative on Blackstone (it's free!)

Blackstone's narrative projects $21.5 billion in revenue and $10.5 billion in earnings by 2028. This requires 16.7% yearly revenue growth and an increase of $7.6 billion in earnings from the current $2.9 billion.

Uncover how Blackstone's forecasts yield a $178.79 fair value, a 24% upside to its current price.

Exploring Other Perspectives

Some of the most pessimistic analysts forecast Blackstone revenue growth at just 15.9 percent per year, compared with higher consensus numbers, and warn that rapid expansion into infrastructure and private wealth may risk operational inefficiencies. Perspectives can vary greatly, so it’s important to compare assumptions and see how new developments like regulatory changes might shift forecasts in either direction.

Explore 7 other fair value estimates on Blackstone - why the stock might be worth as much as 34% more than the current price!

Build Your Own Blackstone Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Blackstone research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.
• Our free Blackstone research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Blackstone's overall financial health at a glance.

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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.

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