BlackRock

BLK · NYSE

$1,128.68+$4.08 (+0.36%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $1,124.60

BLK analyst rating

BuyConsensus of 14 analysts over the last 12 months. 93% rate it a buy.

Strong buy0
Buy13
Hold1
Underperform0
Sell0

12-month price target · 20 analysts

Average $1,320.38 (+17.0% upside)

Low: $1,069.59
Now: $1,128.68
High: $1,552.95

Upgrades and downgrades

The latest rating actions, newest first

BLK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
TD Cowen	Oct 20, 2026	Upgrade	Hold → Buy	$1,212.00 → $1,405.00	53%
BMO Capital	Oct 19, 2026	Maintains	Outperform	$1,300.00 → $1,350.00	60%
UBS	Oct 15, 2026	Maintains	Buy	$1,277.00 → $1,300.00	43%
Morgan Stanley	Oct 15, 2026	Maintains	Overweight	$1,468.00 → $1,531.00	76%
JP Morgan	Oct 15, 2026	Maintains	Overweight	$1,435.00 → $1,449.00	53%
Barclays	Oct 15, 2026	Maintains	Overweight	$1,420.00 → $1,410.00	57%
Wells Fargo	Oct 15, 2026	Maintains	Overweight	$1,230.00 → $1,250.00	63%
Keefe, Bruyette & Woods	Oct 15, 2026	Maintains	Outperform	$1,290.00 → $1,310.00	21%
Morgan Stanley	Oct 13, 2026	Maintains	Overweight	$1,479.00 → $1,468.00	76%
TD Cowen	Oct 12, 2026	Maintains	Hold	$1,190.00 → $1,212.00	53%

The case for and against

Updated Jan 5, 2026

Bull case

BlackRock's asset management capabilities are underscored by its impressive $13.464 trillion in assets under management as of September 2025, highlighting its position as the largest asset manager globally. The company demonstrated strong performance with an organic base fee growth of 6% for the quarter and 7% on a trailing twelve-month basis, surpassing its target of greater than 5% outlined in its 2030 goals. Additionally, the expected contribution of HPS to the overall effective fee rate indicates further potential for revenue enhancement, suggesting a solid financial foundation for ongoing growth.

Bear case

BlackRock's general and administrative (G&A) expenses are projected to grow 13.3% in 2025, indicating elevated cost pressures that could affect profitability moving forward. Additionally, the company is revising its operating margin estimates downward to 43.9% and 45.2% for 2025 and 2026, respectively, reflecting a decline from previous expectations primarily due to a higher compensation ratio. The stock's recent underperformance, attributed to a weaker base fee rate, reduced inflows, and disappointing adjusted operating margins, reinforces concerns about BlackRock's financial stability and growth prospects.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.