Blackstone (BX), The Latest Update Raises A Bigger Question

Blackstone (BX) is back in focus after its third quarter update, which paired slightly lower quarterly revenue with higher earnings per share and a fresh dividend declaration that matters for income focused investors.

Recent trading tells a mixed story. The share price is up 7.5% over the past month, but down 12.4% over 90 days, and the year-to-date share price return is lower again, while the 3-year total shareholder return of 34.5% shows longer term holders have still seen gains.

Spot opportunities around Blackstone's latest move in your portfolio by scanning a curated 34 high quality undervalued stocks that share strong fundamentals with income potential.

After Blackstone’s swingy few months and richer dividend, the debate now is simple. Are you looking at a business still priced for more progress, or one that already reflects most of the good news?

Most Popular Narrative: 14.5% Undervalued

Against a last close of $120.14, the most followed narrative for Blackstone points to a fair value of about $140.55, which implies a material valuation gap built on long term fund flows, fee potential and exit optionality.

The build out of Blackstone’s AI focused infrastructure, including a data center platform that has risen from US$130b to US$185b of total value in 2026 with scope to scale further if the current leasing and development pipeline is executed, positions the firm to earn performance fees and transaction income linked to these assets.

See why 112 investors see Blackstone as 15% undervalued.

Result: Fair Value of $140.55 (UNDERVALUED)

Still, the narrative can crack if stress in parts of Blackstone’s real estate book worsens or if leadership changes dull momentum in key investment areas.

Find out about the key risks to this Blackstone narrative.

Next Steps

Mixed sentiment runs through every part of this Blackstone story, so act while the facts are fresh and test the thesis against your own risk tolerance and income goals by weighing the 3 key rewards and 3 important warning signs.

Looking for more investment ideas beyond Blackstone?

Use Blackstone as a starting point, then widen your watchlist with a few focused screens that surface different types of opportunities before the crowd pays attention.

• Target income first by reviewing companies that look built to sustain payouts in the 4 dividend fortresses.
• Hunt for quality at a discount by scanning a curated pool of potential value opportunities in the 34 high quality undervalued stocks.
• Prioritise resilience by checking businesses with stronger finances and clean balance sheets in the list of solid balance sheet and fundamentals (24 results).

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