NEW YORK, Jan 10, 2026, 17:06 EST — Market closed
- Shares of Blackstone climbed 1.5% on Friday, closing at $157.62
- Barclays lowered its price target for Blackstone to $171 but maintained an “equal weight” rating
- Investors are focused on the U.S. CPI release set for Jan. 13 and Blackstone’s earnings report due Jan. 29
Blackstone Inc (BX.N) shares climbed 1.5% on Friday, closing at $157.62 after fluctuating between $154 and $158.26 during the session. Barclays cut its price target slightly to $171 from $172 but maintained an “equal weight” rating, signaling a neutral stance on the stock.
This shift is significant since Blackstone operates where markets meet dealmaking. Once stocks and credit stabilize, exits become smoother and fundraising usually picks up.
Timing plays a role too. Investors are aligning macro data with the kickoff of earnings season, hunting for any rate fluctuations that might shake valuations in private equity, real estate, and credit.
U.S. stock indexes hit record highs on Friday following data that revealed December job gains fell short of expectations, while the unemployment rate slipped to 4.4%, Reuters reported. Investors kept an eye on the U.S. Supreme Court’s tariff case, with new rulings anticipated on Jan. 14, according to the report. “Payrolls were a little bit light relative to consensus, but still fairly strong,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder.
Peers closed the session split, highlighting selective money flows within the group. KKR rose 0.7%, Carlyle climbed 1.1%, while Apollo dipped 0.2%.
Outside of BX’s own trades, Blackstone continues to unload shares steadily. Legence confirmed that underwriters fully exercised the over-allotment option—a “greenshoe” allowing banks to sell extra shares when demand is strong—linked to a secondary offering by Blackstone-affiliated sellers. This option added 1,260,326 Legence shares, priced at $45 apiece. Legence made clear it didn’t sell any stock itself or receive proceeds from this. 1
Despite Friday’s rebound, Blackstone’s share price still sits roughly 17% under its 52-week peak of $190.09. Volume for the session came in below the stock’s 50-day average, according to MarketWatch data. 2
Tuesday brings the U.S. consumer price index for December at 8:30 a.m. ET, a data point that could swiftly alter expectations around rate cuts. The Federal Reserve’s next policy meeting is scheduled for Jan. 27-28.
Blackstone is set to release its fourth-quarter and full-year 2025 results on Jan. 29 at 9:00 a.m. ET. Investors are eager for updates on fundraising, asset sales, and fee-related earnings, along with any change in management’s tone on deploying capital into private credit and real estate.
There are a few sharp edges in the setup. On Friday, the U.S. Supreme Court chose not to rule on the legality of President Donald Trump’s broad tariffs, leaving investors in limbo. At the same time, U.S. stock valuations remain elevated as earnings season approaches, Reuters reported.
Blackstone’s focus shifts to Monday’s reopening, with the CPI report due Jan. 13 next on the radar. After that, all eyes will be on the earnings call scheduled for Jan. 29.
