On October 16, Blackstone Group LP rose 3.06% in Regular Trading, trading at $109.52 per share, with turnover of $384 million.
The move aligned with a fresh event-driven catalyst: JPMorgan raised its target price on the stock to $136 from $131, lifting near-term sentiment ahead of the company’s October 22 earnings release.
Market expectations for the upcoming quarter call for revenue of $3.303 billion and adjusted EPS of $1.31, implying year-over-year growth of about 5.83% and 5.76%, respectively. Recent coverage also highlighted Blackstone Group LP’s expanding AI infrastructure exposure, including a $200 billion data center investment portfolio, which has supported the company’s medium-term growth narrative despite recent pressure on AirTrunk-related exit timing.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
