BlackRock Reports $13.16 EPS, 23.4% Revenue Growth and Receives Moderate Buy Rating
Analysts consensus rating lifted to Moderate Buy with 15 Buy and 4 Hold ratings and an average 12-month target of $1,314.71. In its latest quarter, BlackRock reported EPS of $13.16, beating estimates by $0.61, revenue of $6.33 billion up 23.4% year-over-year, and raised its quarterly dividend to $5.73 per share.
1. Analysts Rate BlackRock as a “Moderate Buy” and Lift Price Targets
Nineteen research firms covering BlackRock have assigned the asset manager a consensus recommendation of “Moderate Buy,” with fifteen issuing buy ratings and four issuing hold ratings. Over the past year, analysts’ 12-month price targets have averaged $1,314.71. Notable recent revisions include Bank of America raising its target to $1,464, Goldman Sachs reaffirming a buy rating with a $1,313 target, TD Cowen downgrading to hold, BMO Capital Markets trimming its target to $1,250 while maintaining an outperform rating, and Keefe, Bruyette & Woods increasing its target to $1,340. These adjustments reflect growing confidence in BlackRock’s earnings trajectory and market position.