BlackRock (NYSE:BLK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan raised BlackRock’s price target to $1,435 from $1,364 and maintained an “overweight” rating, implying 32.74% upside from the prior close.
• Analyst sentiment is broadly positive: BlackRock has a “Moderate Buy” consensus rating and an average price target of $1,308.53, supported by 15 Buy or Strong Buy ratings versus three Holds.
• BlackRock recently exceeded quarterly expectations, reporting $13.91 in earnings per share and $7.08 billion in revenue; revenue increased 30.6% year over year, while institutional investors own 80.69% of the stock.

BlackRock (NYSE:BLK - Get Free Report) had its price objective boosted by JPMorgan Chase & Co. from $1,364.00 to $1,435.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an "overweight" rating on the asset manager's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 32.74% from the stock's previous close.

A number of other research firms have also weighed in on BLK. Barclays boosted their price target on shares of BlackRock from $1,340.00 to $1,450.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $1,258.00 target price on shares of BlackRock in a research report on Thursday, July 16th. Wells Fargo & Company began coverage on BlackRock in a research note on Friday. They issued an "overweight" rating and a $1,245.00 price objective on the stock. Keefe, Bruyette & Woods cut shares of BlackRock from a "moderate buy" rating to a "hold" rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $1,389.00 target price on shares of BlackRock in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, BlackRock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,308.53.

BlackRock Stock Up 1.4%

NYSE BLK traded up $14.61 during trading on Tuesday, reaching $1,081.06. 73,841 shares of the company's stock traded hands, compared to its average volume of 741,847. The company's 50 day simple moving average is $1,111.31 and its two-hundred day simple moving average is $1,055.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The firm has a market cap of $167.42 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.17 and a beta of 1.41. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating analysts' consensus estimates of $12.69 by $1.22. The company had revenue of $7.08 billion during the quarter, compared to analysts' expectations of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm's revenue was up 30.6% compared to the same quarter last year. During the same period last year, the business posted $12.05 earnings per share. As a group, sell-side analysts forecast that BlackRock will post 55.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Breakwater Capital Group increased its stake in shares of BlackRock by 3.8% in the 1st quarter. Breakwater Capital Group now owns 271 shares of the asset manager's stock valued at $261,000 after acquiring an additional 10 shares during the last quarter. Stronghold Wealth Management L.L.C. raised its position in shares of BlackRock by 2.9% in the 1st quarter. Stronghold Wealth Management L.L.C. now owns 359 shares of the asset manager's stock valued at $345,000 after acquiring an additional 10 shares during the period. Financial Management Professionals Inc. boosted its stake in BlackRock by 1.8% during the 2nd quarter. Financial Management Professionals Inc. now owns 564 shares of the asset manager's stock worth $542,000 after acquiring an additional 10 shares during the last quarter. JNBA Financial Advisors grew its holdings in BlackRock by 1.4% during the second quarter. JNBA Financial Advisors now owns 706 shares of the asset manager's stock valued at $679,000 after purchasing an additional 10 shares during the period. Finally, Hilton Head Capital Partners LLC grew its holdings in BlackRock by 1.3% during the first quarter. Hilton Head Capital Partners LLC now owns 849 shares of the asset manager's stock valued at $816,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 80.69% of the company's stock.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock launched its first Canada Read on Retirement report, highlighting Canadians’ need for greater retirement-planning support. The initiative could strengthen BlackRock’s brand and create opportunities to gather additional retirement assets in Canada. Turning Savings into Security: Canadians Feel on Track for Retirement, But Worry About What Comes Next
• Positive Sentiment: BlackRock is reportedly in discussions to invest in OpenAI alongside Middle Eastern funds at a potential $1.4 trillion valuation. Although no transaction has been confirmed, the talks could provide exposure to a major artificial-intelligence growth opportunity. OpenAI Seeks $30B from UAE Funds and BlackRock at $1.4T Valuation
• Positive Sentiment: BlackRock’s iShares business continues to be presented as a source of potential growth, with analysts highlighting several ETFs positioned for 2027 upside. Strong ETF demand can support recurring fee revenue and assets under management. 3 Best BlackRock ETFs for 2027 With 21%+ Upside
• Positive Sentiment: BlackRock’s tokenized model portfolios debuted on Ondo Finance’s platform, extending the firm’s push into blockchain-based investment products and potentially opening new distribution channels. BlackRock Tokenized Portfolios Debut Onchain Through Ondo Finance
• Neutral Sentiment: Wells Fargo initiated research coverage on BlackRock; the report may improve institutional visibility, although the article does not provide a specific rating or price target. BlackRock Research Coverage Started at Wells Fargo
• Neutral Sentiment: BlackRock disclosed changes in its holdings of Rentokil Initial and OMV. These routine ownership adjustments may reflect portfolio management rather than a change in BlackRock’s business outlook.
• Negative Sentiment: A report notes that BlackRock has not launched an XRP spot ETF, potentially limiting near-term cryptocurrency-product growth relative to investor expectations. This is more relevant to XRP than to BlackRock’s core earnings. BlackRock Has No Plans to Launch an XRP ETF
• Negative Sentiment: Rosen Law Firm is investigating potential securities claims involving BlackRock mutual funds. The announcement is only an investigation, but it introduces legal and reputational risk. Rosen Law Firm Investigation

BlackRock Company Profile

BlackRock, Inc is a global investment management and financial technology company serving individual investors, institutions, governments and financial professionals. The company provides investment management, risk management and advisory services across a broad range of asset classes, including equities, fixed income, multi-asset strategies, alternatives and cash management.

BlackRock offers investment products through mutual funds, exchange-traded funds and other vehicles. Its iShares brand is one of the company's principal platforms for exchange-traded funds, providing access to domestic and international markets, industry sectors, bonds, commodities and specialized investment strategies.

The company also provides technology and analytical solutions through its Aladdin platform, which is used by asset managers, institutional investors and other financial organizations for portfolio management, risk analysis, trading and operational support.

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