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With a market cap of $149.2 billion, BlackRock, Inc. (BLK) is a leading global investment management firm offering a wide range of investment and technology solutions to institutional and individual clients. The firm manages diverse asset classes worldwide and operates in over 30 countries.
The New York-based company's shares have outperformed the broader market over the past 52 weeks. BLK has increased 22.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 10.2%. However, shares of BlackRock are down 6% on a YTD basis, lagging behind SPX’s 1.3% drop.
In addition, BlackRock has slightly outpaced the Financial Select Sector SPDR Fund’s (XLF) 21% return over the past 52 weeks.
Shares of BLK rose 2.3% on Apr. 11 following its strong Q1 2025 earnings report, which featured adjusted EPS of $11.30, surpassing the consensus estimate and marking a 15% year-over-year increase. Investor sentiment was further boosted by BlackRock’s record-high AUM of $11.6 trillion, driven by $83 billion in long-term net inflows and favorable forex impact.
For the current fiscal year, ending in December 2025, analysts expect BLK’s adjusted EPS to grow 2.9% year-over-year to $44.86. The company’s earnings surprise history is promising. It beat the consensus estimates in the last four quarters.
Among the 18 analysts covering the stock, the consensus rating is a “Strong Buy.” That’s based on 14 “Strong Buy” ratings, two “Moderate Buys,” and two “Holds.”
On Apr. 14, Barclays raised BlackRock’s price target to $990 and maintained an “Overweight” rating, citing its Q1 earnings beat driven by a lower tax rate and stronger-than-expected organic base fee growth.
As of writing, BLK is trading below the mean price target of $1,046.12. The Street-high price target of $1,196 implies a potential upside of 24.2% from the current price levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
