Blackstone Inc. (NYSE: BX) closed Tuesday’s session (December 9, 2025) on a strong note and then cooled slightly in after-hours trading, setting up a closely watched open on Wednesday, December 10. With private equity stocks rallying, fresh commentary from CEO Stephen Schwarzman, and a key investor conference scheduled for today, BX is sitting at the intersection of bullish momentum and macro uncertainty.
Below is a structured look at how the stock traded after the bell, what news moved sentiment on December 9, and the key catalysts and risk factors to watch before the next opening bell.
How Blackstone Traded on December 9, 2025
In regular hours on December 9, Blackstone shares rallied 3.07% to close at $156.02, after trading between roughly $151.5 and $157.9 during the session. [1]
That move followed a consolidation phase in early December and pushed BX back toward the upper end of its recent trading range. A technical note from AInvest highlighted that the session formed a bullish engulfing pattern and suggested a potential breakout from a short-term descending channel, with:
- Support building in the $150.7–$151.4 area
- Near-term resistance around $157.9 [2]
From a longer-term perspective, Macrotrends data show $156.02 as the latest official closing price for BX as of December 9, 2025, underscoring that Tuesday’s rally was not just intraday noise. [3]
After the Bell: BX in Extended Trading on December 9
Once the closing bell rang, trading shifted to the lighter, more volatile after-hours session.
Data from Public.com’s after-hours tape show:
- Market close (Dec 9): $156.02
- After-hours price (Dec 9): $155.91
- Change after hours: –0.07% [4]
So, despite the big regular-session gain, extended-hours trading saw only a marginal pullback. That kind of tiny giveback is often interpreted as:
- Profit-taking by short-term traders
- A neutral to slightly cautious tone heading into the next session
- No obvious “bad news” shock overnight
At the time of writing, widely available premarket data for December 10 are still limited, and there is no clear indication of a sharp gap up or down in BX ahead of the open. Investors will likely take their cue from broader futures, any overnight credit headlines, and fresh commentary out of Blackstone’s management later in the day.
Why BX Is in Focus: Macro and Sector Tailwinds
1. Private equity and private credit sentiment
On December 9, Blackstone CEO Stephen Schwarzman spoke in Abu Dhabi, pushing back on market worries that private credit is to blame for recent bankruptcies in sectors like autos. He argued that the problematic deals were more tied to bank-led underwriting than to private-credit lenders, emphasizing that private credit is generally less leveraged than the banking system. [5]
That matters because:
- Blackstone is deeply exposed to private credit and alternative lending, which have grown rapidly.
- Any narrative that private credit is “systemic risk 2.0” could pressure the stock; Schwarzman’s comments aim to calm those fears.
Separately, private equity and alternative managers have been participating in a sector-wide rally, helped by a JPMorgan view that private markets could see a fresh boom fueled by AI and tech-driven opportunities. [6]
Blackstone, as the world’s largest alternative asset manager with more than $1.2 trillion in assets under management (AUM), tends to trade as a proxy for the entire private markets complex. [7]
2. Credit and real-estate exposure: related but not fatal
While not BX itself, Blackstone Mortgage Trust (BXMT) – a listed affiliate focused on commercial real estate lending – saw its Issuer Default Rating affirmed at ‘BB-’ with a Stable outlook by Fitch on December 9. [8]
For BX shareholders, this is important context:
- It suggests that, despite stress in some property and credit markets, rating agencies still see Blackstone’s mortgage vehicle as stable.
- It helps temper worst-case fears about a credit shock coming from the firm’s real estate lending activity.
Flow of Capital: Institutions Quietly Loading Up
A steady stream of 13F filings and institutional ownership updates on December 9 highlighted that large investors remain engaged:
- Winton Group Ltd disclosed a new stake in Blackstone. [9]
- Natixis boosted its stake in BX by more than 200% in the latest quarter. [10]
- Fayez Sarofim & Co was reported to have purchased additional BX shares. [11]
- Other recent filings show Russell Investments Group Ltd. increasing its position as well. [12]
This pattern doesn’t guarantee higher prices, but it does tell you something about sentiment:
large, long-horizon investors are not bailing on Blackstone at these levels; many are adding.
Company Fundamentals and Recent Earnings Backdrop
Before obsessing over one after-hours move, it helps to remember the underlying business story.
In its Q3 2025 results, Blackstone reported:
- Distributable earnings up ~25% year over year to $1.6 billion
- Record AUM of about $1.2 trillion, driven by broad-based fundraising and performance
- A quarterly dividend of around $1.03 per share [13]
Morningstar data show that Blackstone had roughly $906 billion in fee-earning AUM as of the end of September 2025, underscoring the scale of its recurring revenue engine. [14]
The firm has also continued to reshape its portfolio:
- Selling UK logistics assets and considering other strategic moves in self-storage and infrastructure. [15]
- Pursuing real estate deals like a Japanese hotel acquisition via a Blackstone-managed fund. [16]
Taken together, the earnings power plus portfolio activity give investors a fundamental anchor beneath the short-term trading noise.
Key Catalyst for December 10: Goldman Sachs Financial Services Conference
The big scheduled event for BX today (December 10, 2025) is management’s appearance at the Goldman Sachs 2025 US Financial Services Conference:
- Speaker: Jon Gray, President & COO of Blackstone
- Time: Wednesday, December 10, 2025, at 12:20 p.m. ET [17]
Conferences like this can move the stock intraday if:
- Gray updates investors on fundraising momentum,
- hints at new strategies in private credit, infrastructure, or secondaries, or
- comments more directly on valuation, distributions, or buybacks.
For anyone trading BX around the open, this timing matters: the biggest intraday move may come after lunch, when that fireside chat goes live.
What Wall Street and Models Are Saying About BX
Analyst price targets and ratings
Recent data from QuiverQuant and other sources show:
- A new Morgan Stanley target of $215 on BX, reflecting a bullish stance on fee growth and private markets. [18]
- A broader analyst consensus price target around $164 per share, modestly above current levels. [19]
- Other banks (like TD Cowen and BMO) have fine-tuned, but generally still positive, targets in the $180–$205 range over the past couple of months. [20]
At the same time, not everyone is euphoric. A recent bearish note on Seeking Alpha argued that Blackstone is a “Sell” at current valuations, citing:
- Rich multiples
- Macro recession risk
- Concerns about dividend sustainability during a downturn [21]
So the professional view is net positive but far from unanimous.
Quant-style short-term forecasts
Short-term algorithmic models (for example, CoinCodex) currently point to mild downside risk in the coming days, with one model projecting a drift down toward the mid-$140s by December 13. [22]
These model outputs are not destiny; they’re essentially math-heavy weather forecasts. But they do reflect the idea that, after a sharp bounce like Tuesday’s, mean reversion is a real possibility.
Technical Picture: Levels to Watch Before the Open
Based on recent technical commentary and price action: [23]
- Immediate support:
Around $150.7–$151.4 (recent after-hours and intraday lows). - First resistance zone:
Near $157.9 – the recent intraday high and a short-term ceiling. - Momentum:
The bullish engulfing pattern on December 9 suggests buyers regained control after a period of consolidation.
Given the tiny –0.07% after-hours dip, BX is effectively starting Wednesday near the top of its near-term range, which raises the stakes: a clean break above resistance could invite momentum buying, while a failure could set up a pullback toward that $151 support.
Practical Checklist for BX Investors Before the December 10 Open
For traders and longer-term investors alike, here’s a simple pre-open checklist:
- Check real-time premarket quotes
Extended-hours data can be thin, but big block prints or unusual moves versus the $156.02 close / $155.91 after-hours mark will tell you if something changed overnight. - Watch for headlines on private credit and real estate
Any new defaults, regulatory comments, or rating-agency moves in private credit or commercial real estate can ripple quickly into BX, given its exposure and the ongoing conversation Schwarzman is trying to steer. [24] - Monitor sector tone in private equity and alternatives
If the private equity / alternative asset manager cohort continues to rally on AI, infrastructure, and yield-hunting themes, BX often trades as a bellwether. [25] - Listen for soundbites from the Goldman Sachs conference
Comments about fundraising, distributions, and capital deployment from Jon Gray can shift the narrative faster than any one model forecast. [26] - Reconcile fundamentals with price
Put simply: BX on December 10 isn’t a blank slate; it’s a high-quality asset manager priced for a lot of good things going right.
Final Thoughts
After the bell on December 9, Blackstone’s stock didn’t scream “panic” or “euphoria” – it quietly gave back a sliver of its strong regular-session gains. Underneath that calm tape, though, is a complex story:
- A giant alternative asset manager surfing a private markets boom
- A CEO publicly defending private credit as safer than it looks
- Institutional investors quietly building positions
- Analysts mostly bullish but valuation-conscious
- Quant models whispering about near-term pullbacks
For investors heading into the December 10 open, the game is less about guessing the next 50 cents and more about deciding whether Blackstone’s scale, fee engine, and private markets franchise justify buying into a stock already near the upper end of its short-term range.
References
1. www.ainvest.com, 2. www.ainvest.com, 3. www.macrotrends.net, 4. public.com, 5. www.globalbankingandfinance.com, 6. www.benzinga.com, 7. www.blackstone.com, 8. www.tradingview.com, 9. www.marketbeat.com, 10. www.marketbeat.com, 11. www.marketbeat.com, 12. www.marketbeat.com, 13. s23.q4cdn.com, 14. www.morningstar.com, 15. coincentral.com, 16. uk.marketscreener.com, 17. investingnews.com, 18. www.quiverquant.com, 19. finance.yahoo.com, 20. www.marketbeat.com, 21. seekingalpha.com, 22. coincodex.com, 23. www.ainvest.com, 24. www.globalbankingandfinance.com, 25. www.benzinga.com, 26. investingnews.com, 27. s23.q4cdn.com, 28. www.macrotrends.net
