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BUZZ - BlackRock shares rise after two brokers raise price targets

BUZZ - BlackRock shares rise after two brokers raise price targets

On October 6th, JPMorgan raised the target price for BlackRock (BLK.N) from $1,364 to $1,435 and maintained an “overweight” rating. This news boosted the company's stock price. The brokerage anticipates that the iShares funds will attract $51 billion in equity inflows and $65 billion in fixed income inflows in the third quarter, supporting robust net sales. JPMorgan considers iShares a key driver of organic growth, with further opportunities in private markets, retail, digitalization, and international distribution. The brokerage also stated that the integration of BlackRock’s private market acquisition business is proceeding in the right direction and that valuations remain attractive. Jefferies also raised its target price from $1,222 to $1,260. Of 20 brokerages, 18 have assigned a “buy” or higher rating, while 2 rate the stock as “hold”; the median target price is $1,300, according to data compiled by LSEG. The stock’s current price-to-earnings ratio is 16.96 times forecast earnings over the next 12 months, significantly above the industry median of 10.97 times. BLK has risen 17.07% so far this year. (For the convenience of non-English speakers, Reuters has automated its reporting into several languages. Since automated translation may be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of translated texts, which are provided solely for readers’ convenience. Reuters is not liable for any damages or losses resulting from the use of the automated translation function.)

路透社•2026-10-06 16:06

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What will the price of BLK be in 2027?

Based on BLK's historical price performance prediction model, the price of BLK is projected to reach $0.05001 in 2027.

What will the price of BLK be in 2032?

In 2032, the BLK price is expected to change by +35.00%. By the end of 2032, the BLK price is projected to reach $0.1056, with a cumulative ROI of +146.31%.
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