BlackRock (BLK) Stock Forecast & Price Target

$1,028.69 +12.36 (+1.22%)

(As of 12/20/2024 05:40 PM ET)

BlackRock - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
2

Buy
10

Based on 12 Wall Street analysts who have issued ratings for BlackRock in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 2 have given a hold rating, and 10 have given a buy rating for BLK.

Consensus Price Target

$1,040.50
1.15% Upside

According to the 12 analysts' twelve-month price targets for BlackRock, the average price target is $1,040.50. The highest price target for BLK is $1,261.00, while the lowest price target for BLK is $837.00. The average price target represents a forecasted upside of 1.15% from the current price of $1,028.69.

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BLK Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$1,040.50	$1,019.62	$902.13	$771.54
Forecasted Upside	1.15% Upside	-1.23% Downside	-2.87% Downside	-3.85% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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BLK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BLK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

BlackRock Stock vs. The Competition

Type	BlackRock	Finance Companies	S&P 500
Consensus Rating Score	2.83	2.50	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	1.15% Upside	18.66% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent BLK News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/20/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$1,245.00 ➝ $1,261.00	+21.71%
12/9/2024	Barclays 3 of 5 stars	B. Budish Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$1,120.00 ➝ $1,220.00	+16.98%
11/11/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Boost Target	Buy ➝ Buy	$1,105.00 ➝ $1,133.00	+6.66%
11/7/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$1,040.00 ➝ $1,160.00	+12.64%
10/21/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$864.00 ➝ $914.00	-9.12%
10/10/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$960.00 ➝ $1,077.00	+12.01%
Get the Latest News and Ratings for BLK and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for BlackRock and its competitors with MarketBeat's FREE daily newsletter.
10/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Brown Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$1,000.00 ➝ $1,070.00	+11.87%
10/3/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$960.00 ➝ $1,040.00	+8.69%
7/16/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$920.00 ➝ $930.00	+11.57%
7/16/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$880.00 ➝ $910.00	+9.31%
7/16/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$915.00 ➝ $934.00	+13.49%
7/10/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$842.00 ➝ $837.00	+3.80%
12/12/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$885.00	+17.63%
10/10/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$781.00 ➝ $754.00	+17.23%
10/4/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$921.00 ➝ $868.00	+38.78%
4/17/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$662.00 ➝ $673.00	-3.35%
4/17/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	$583.00 ➝ $542.00	-21.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:12 PM ET.

Should I Buy BlackRock Stock? BLK Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these BlackRock pros and cons to contact@marketbeat.com.

BlackRock
Bull Case

Here are some ways that investors could benefit from investing in BlackRock, Inc.:

Strong Earnings Performance: BlackRock, Inc. reported earnings per share of $11.46, exceeding analysts' expectations of $10.42 by $1.04, indicating robust financial health and effective management.
Significant Revenue Growth: The company achieved quarterly revenue of $5.20 billion, surpassing the forecast of $5.03 billion, reflecting strong demand for its asset management services.
High Institutional Ownership: Approximately 80.69% of BlackRock's stock is owned by institutional investors, which often indicates confidence in the company's long-term prospects.
Current Stock Price: As of the latest trading session, BlackRock, Inc. shares are priced at $1,042.87, which is near its 52-week high of $1,068.34, suggesting strong market performance.
Solid Financial Ratios: The company has a P/E ratio of 25.74 and a net margin of 31.37%, indicating efficient operations and profitability compared to its peers.

BlackRock
Bear Case

Investors should be bearish about investing in BlackRock, Inc. for these reasons:

High Stock Valuation: With a P/E ratio of 25.74, some investors may view BlackRock's stock as overvalued compared to industry averages, which could lead to price corrections.
Market Volatility: The stock has a beta of 1.28, indicating that it is more volatile than the market, which could pose risks for conservative investors.
Debt Levels: Although the debt-to-equity ratio is relatively low at 0.37, any increase in debt could impact financial stability and investor confidence.
Recent Stock Decline: The stock traded down by $1.91 recently, which may raise concerns about short-term performance and market sentiment.
Dependence on Market Conditions: As an asset manager, BlackRock's performance is closely tied to market conditions, which can be unpredictable and affect revenue streams.

BLK Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for BlackRock is $1,040.50, with a high forecast of $1,261.00 and a low forecast of $837.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackRock in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BLK shares.
: According to analysts, BlackRock's stock has a predicted upside of 1.15% based on their 12-month stock forecasts.
: BlackRock has been rated by research analysts at Barclays, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, TD Cowen, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
: Analysts like BlackRock more than other "finance" companies. The consensus rating for BlackRock is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how BLK compares to other companies.

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This page (NYSE:BLK) was last updated on 12/21/2024 by MarketBeat.com Staff

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BlackRock (BLK) Stock Forecast & Price Target