BlackRock Sees 20.7% Upside at $1,364 Target as Credit Fund NAV Plunges 20%

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BlackRock's analyst Mikhail Paramonov set a $1,364 price target on January 23, indicating a 20.72% potential gain and reflecting a $175.31 billion market capitalization. Separately, a BlackRock-tied private credit fund saw its net asset value marked down by nearly one-fifth in premarket trading.

1. BlackRock Raises Bullish Price Target

On January 23, 2026, BlackRock analyst Mikhail Paramonov set a new price target of $1,364 for the firm's shares, implying upside of roughly 20.7% from recent levels. This forecast comes as BlackRock maintains a market capitalization of approximately $175.31 billion, reinforcing its standing as the largest asset management company globally. Paramonov cited growing demand for the firm’s iShares exchange-traded products and a diversified revenue base—ranging from active equity mandates to alternatives—as key drivers of long-term earnings growth, despite a 0.86% dip in share value in the latest trading session.

2. Private Credit Fund NAV Cut Sparks Investor Concern

A private-credit vehicle linked to BlackRock announced a near 20% markdown in its net asset value, sending its premarket trading value sharply lower. The fund, which holds a portfolio of corporate loans and structured credit, attributed the adjustment to widening credit spreads and recent downgrades among several high-yield issuers. With its NAV now down close to levels last seen in mid-2024, the move underscores potential liquidity pressures in certain corners of the credit market and raises questions about redemption terms and fee structures for institutional backers.

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