On Oct 15, major Wall Street analysts update their ratings for $Blackrock (BLK.US)$, with price targets ranging from $1,040 to $1,245.
Morgan Stanley analyst Michael Cyprys maintains with a buy rating, and adjusts the target price from $1,150 to $1,245.
Goldman Sachs analyst Alexander Blostein maintains with a buy rating, and adjusts the target price from $1,040 to $1,118.
Citi analyst Christopher Allen maintains with a buy rating, and adjusts the target price from $1,075 to $1,150.
Barclays analyst Benjamin Budish maintains with a buy rating, and maintains the target price at $1,120.
Deutsche Bank analyst Brian Bedell maintains with a buy rating, and adjusts the target price from $937 to $1,105.
Furthermore, according to the comprehensive report, the opinions of $Blackrock (BLK.US)$'s main analysts recently are as follows:
Following a significant third-quarter earnings surpass, there is observed accelerating momentum across BlackRock's operations with its organic base fee growth goal realized in the period, accompanied by a strong pipeline of mandates, an expanding private markets venture, and potential for operating margin growth. The forecast supports a robust compound annual growth rate in earnings per share from 2024 to 2026.
Following the Q3 report, there has been a positive assessment of BlackRock's earnings, which exceeded expectations. This is attributed to the company's robust performance fees and margins.
The company's heightened momentum in organic base fee growth, coupled with an expansion into private markets and an increase in margins, suggests potential for further stock price appreciation. Additionally, discussions regarding the recent collaboration with major tech and energy firms to invest in data centers and energy infrastructure indicate the management's view of tapping into a multi-trillion dollar investment opportunity through private capital for sustained, long-term growth.
The $160 billion of long-term inflows seen in Q3 represents an extraordinary figure. In combination with a leading operating margin of 46%, positive operating leverage of 350 basis points, and advancements in private markets, these factors jointly construct a persuasive investment proposition for BlackRock.
BlackRock's robust third quarter was characterized by unprecedented inflows and commendable cost management. The company is maintaining momentum with consistent flow strength, increasing contributions from private assets, and the possibility for improved margins.
Here are the latest investment ratings and price targets for $Blackrock (BLK.US)$ from 6 analysts:
Note:
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