BlackRock's Preqin Acquisition To Drive Revenue Synergies: Analyst Sees Expansion In Emerging Private Markets
BlackRock's Preqin Acquisition To Drive Revenue Synergies: Analyst Sees Expansion In Emerging Private Markets
Goldman Sachs analyst Alexander Blostein reiterated a Buy rating on BlackRock, Inc. (NYSE:BLK) with a price forecast of $929.
高盛的分析師亞歷山大·布洛斯坦重申對貝萊德公司（NYSE:BLK）的買入評級，並給出929美元的價格預測。
According to Blostein, BlackRock's latest acquisition — buying Preqin, a private markets data and solutions provider, for$3.2 billion — will provide a meaningful opportunity for revenue synergies, primarily from increased distribution via BlackRock's broader network.
布洛斯坦表示，貝萊德最新的收購——以32億美元收購私有市場數據和解決方案提供商Preqin，將爲營業收入帶來有意義的協同效應，主要來自於通過貝萊德更廣泛的網絡增加分銷。
This transaction, funded with $3 billion of incremental debt, with just $200 million in cash, helps BlackRock expand into the emerging private markets data segment.
該交易是通過30億美元的增量債務和僅有2億美元現金資金支持的，有助於貝萊德擴展到新興的私人市場數據領域。
Read Also: BlackRock's Aladdin Gets Smarter – $3.2B Deal Adds Preqin's Private Markets Data
閱讀更多：貝萊德的阿拉丁變得更聰明——32億美元收購增加了Preqin的私人市場數據
According to Preqin's reported financials, the company generated $166 million in revenues in 2022, and BlackRock expects it will generate ~$240 million in revenues in 2024 (relative to Visible Alpha Consensus revenue estimates of $20 billion for BlackRock in 2024).
根據Preqin披露的財務數據，該公司在2022年創造了1.66億美元的營業收入，而貝萊德預計在2024年它將創造約2.4億美元的營業收入（相對於Visible Alpha公司對貝萊德2024年200億美元營收的一致預期）。
The transaction implies a valuation of ~13X management's 2024 revenue estimates, the analyst adds.
該交易估值約爲管理層2024年營收預測的13倍，分析師補充說。
BlackRock also called out that the deal will have no impact on the previously communicated pace of dividends and repurchases – BlackRock previously spoke to expectations of at least $375 million of quarterly repurchases for the remainder of the year.
貝萊德還指出，這筆交易將不會對之前宣佈的分紅派息和股票回購計劃產生影響——貝萊德此前表示，預計今年剩下的時間內每季度回購至少3.75億美元的股票。
Over time, management sees opportunities to drive operating leverage and more profitable growth as Preqin is integrated into the BlackRock ecosystem, the analyst adds.
隨着Preqin被整合到貝萊德的生態系統中，管理層也認爲有機會推動運營槓桿和更有利可圖的增長，分析師補充說。
Price Action: BLK shares are trading higher by 0.39% to $785.28 at last check Tuesday.
截至上週二最後一次檢查，BLK股票上漲了0.39%，報785.28美元。
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譯文內容由第三人軟體翻譯。