Wells Fargo analyst Michael Brown maintains $Blackrock (BLK.US)$ with a buy rating, and adjusts the target price from $1,070 to $1,090.
According to TipRanks data, the analyst has a success rate of 65.9% and a total average return of 16.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Blackrock (BLK.US)$'s main analysts recently are as follows:
The firm's observation highlights BlackRock's Q3 earnings surpassing expectations. The firm notes the company's momentum in organic base fee growth and its strategic move towards private markets, combined with a higher margin, which may contribute to potential stock price appreciation. Additionally, BlackRock's collaboration with major tech companies to invest in data centers and energy infrastructure is seen as a step to tap into a significant long-term growth opportunity by leveraging private capital.
Estimates have been adjusted in anticipation of the third quarter results to account for the integration of recent transactions. It is anticipated that the forthcoming earnings discussion will be positive.
Note:
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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.
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