Evercore analyst Glenn Schorr maintains $Blackrock (BLK.US)$ with a buy rating, and adjusts the target price from $945 to $995.
According to TipRanks data, the analyst has a success rate of 66.5% and a total average return of 10.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Blackrock (BLK.US)$'s main analysts recently are as follows:
The company's trajectory of rapidly increasing organic base fee growth, combined with its strategic expansion into private markets and an enhanced margin profile, suggests potential for additional stock appreciation. The management's commentary highlighted a partnership aimed at investing in data centers and energy infrastructure, which is seen as a gateway to a multi-trillion dollar investment opportunity, leveraging private capital for long-term, secular growth projects.
Estimates have been adjusted in anticipation of third-quarter results to take into account the integration of recent transactions. It is anticipated that the forthcoming earnings discussion will be positive.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
