Evercore Issues Pessimistic Forecast for BlackRock (NYSE:BLK) Stock Price

Key Points

• Evercore trimmed its price target on BlackRock to $1,235 (from $1,275) while keeping an "outperform" rating, a target that implies roughly a 23.6% upside from the prior close.
• The analyst consensus remains a Moderate Buy with a mean price target of $1,308.89, though firms are split — several raised targets (e.g., Morgan Stanley to $1,550, BofA to $1,464) while others trimmed theirs.
• Fundamentals are mixed: BlackRock beat quarterly EPS and revenue estimates and is expanding ETF and Aladdin offerings (positive for AUM and fees), but a private‑credit write‑down and recent insider selling represent near‑term reputational and ownership risks.

BlackRock (NYSE:BLK - Get Free Report) had its price objective cut by analysts at Evercore from $1,275.00 to $1,235.00 in a report issued on Friday,MarketScreener reports. The firm currently has an "outperform" rating on the asset manager's stock. Evercore's price target points to a potential upside of 23.62% from the stock's previous close.

A number of other equities analysts have also issued reports on the stock. Bank of America boosted their target price on shares of BlackRock from $1,456.00 to $1,464.00 in a research report on Wednesday, December 10th. BMO Capital Markets decreased their price target on shares of BlackRock from $1,300.00 to $1,250.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 13th. UBS Group upgraded shares of BlackRock from a "neutral" rating to a "buy" rating and set a $1,280.00 target price for the company in a research note on Monday, February 23rd. Morgan Stanley lifted their target price on BlackRock from $1,514.00 to $1,550.00 and gave the stock an "overweight" rating in a research report on Friday, January 16th. Finally, CICC Research boosted their price target on shares of BlackRock from $1,000.00 to $1,250.00 in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,308.89.

BlackRock Stock Performance

NYSE:BLK opened at $999.00 on Friday. The firm has a market capitalization of $154.99 billion, a PE ratio of 28.20, a PEG ratio of 1.32 and a beta of 1.48. BlackRock has a 1 year low of $773.74 and a 1 year high of $1,219.94. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.37. The firm's fifty day simple moving average is $1,091.91 and its 200 day simple moving average is $1,100.67.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.55 by $0.61. The company had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $6.80 billion. BlackRock had a net margin of 22.93% and a return on equity of 14.78%. The business's quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the company earned $11.93 earnings per share. On average, sell-side analysts anticipate that BlackRock will post 47.41 EPS for the current year.

Insider Buying and Selling at BlackRock

In related news, COO Robert L. Goldstein sold 5,293 shares of BlackRock stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,084.22, for a total transaction of $5,738,776.46. Following the completion of the sale, the chief operating officer directly owned 46,185 shares of the company's stock, valued at $50,074,700.70. The trade was a 10.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen Cohen sold 225 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $1,069.56, for a total transaction of $240,651.00. Following the completion of the sale, the director owned 5,661 shares in the company, valued at $6,054,779.16. This represents a 3.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,319 shares of company stock worth $123,999,249 over the last quarter. 1.98% of the stock is currently owned by insiders.

Institutional Trading of BlackRock

Large investors have recently made changes to their positions in the company. Pacifica Partners Inc. lifted its holdings in shares of BlackRock by 450.0% during the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager's stock valued at $25,000 after purchasing an additional 18 shares in the last quarter. TruNorth Capital Management LLC raised its holdings in BlackRock by 1,000.0% during the 3rd quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager's stock worth $26,000 after buying an additional 20 shares during the period. Evolution Wealth Management Inc. bought a new position in BlackRock in the fourth quarter valued at approximately $26,000. Traub Capital Management LLC bought a new position in BlackRock in the second quarter valued at approximately $28,000. Finally, Birchbrook Inc. acquired a new position in shares of BlackRock in the fourth quarter valued at approximately $31,000. Institutional investors own 80.69% of the company's stock.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock expands its iShares iBonds defined‑maturity bond ETF lineup (nine new iBonds funds) to broaden fixed‑income product offerings and make bond laddering easier — this can drive ETF flows and fee revenue. Business Wire: iBonds expansion
• Positive Sentiment: BlackRock launched the iShares Broad USD Floating Rate Loan ETF (USLN), its first index‑based fund for U.S. leveraged loans — opens a $1.4T market to indexable ETF flows and could attract AUM from income/seeking investors. Benzinga: USLN launch
• Positive Sentiment: Intesa Sanpaolo will adopt BlackRock’s Aladdin Wealth for its international banks unit — a technology win that supports recurring‑license revenue and reinforces Aladdin’s enterprise penetration. Reuters: Intesa Sanpaolo adopts Aladdin Wealth
• Neutral Sentiment: Regulatory disclosures show BlackRock crossed ownership thresholds in several companies (e.g., Orion Corp >5%, Qiagen stake disclosures). These are passive/portfolio moves that reflect BlackRock’s scale but don’t directly change firm economics. GlobeNewswire: Orion disclosure
• Neutral Sentiment: BlackRock’s spot Bitcoin ETF (IBIT) continues to see sizable inflows (recent multi‑day inflow streak), supporting AUM and fee momentum in crypto ETF products, but overall scale is still small vs core businesses. Cointelegraph: Bitcoin ETF inflows
• Negative Sentiment: BlackRock disclosed a notable private‑credit loan write‑down tied to an Amazon aggregator; coverage warns this jolts the private‑credit market and raises transparency/risk questions for asset managers with alternatives exposure — a reputational and potential P&L risk if similar positions exist. Barron's: Private credit write‑down
• Negative Sentiment: Follow‑on reporting highlights broader market jitters about private credit after BlackRock’s write‑down; investors may re‑price alternatives AUM multiples or apply higher risk discounts to private credit strategies. InvestmentNews: Private credit jitters

BlackRock Company Profile

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.

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