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New York-based BlackRock, Inc. (BLK) is one of the world’s largest asset management firms. It provides various investment and technology services to institutional and retail clients. With a market cap of $177.8 billion, BlackRock’s operations span various countries in the Americas, Europe, Asia-Pacific, Africa, and internationally.
The asset management giant has significantly outperformed the broader market over the past year. BLK stock prices have soared 28.8% over the past 52 weeks and 10.9% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 14.3% surge over the past year and 9.5% return in 2025.
Zooming in further, BlackRock has also outperformed the sector-focused Financial Select Sector SPDR Fund’s (XLF) 19.9% surge over the past year and 10.2% gains on a YTD basis.
BlackRock’s stock prices declined 5.9% in the trading session following the release of its mixed Q2 results on Jul. 15. The company has continued to observe solid growth momentum across its businesses, which has led to an impressive 12.9% year-over-year surge in overall topline to $5.4 billion. However, this figure missed the Street’s expectations by 35 basis points. Further, its GAAP-based operating margins observed a 5.6% contraction to 31.9%, due to an increase in acquisition-related expenses.
On a more positive note, the company’s net inflows year-to-date have reached a staggering $152 billion. Moreover, its non-GAAP EPS surged 16.3% year-over-year to $12.05, exceeding the consensus estimates by 12.5%. Following the initial dip, BLK stock prices gained more than 5% in the two subsequent trading sessions.
For the full fiscal 2025, ending in December, analysts expect BLK to deliver an adjusted EPS of $47.57, up 9.1% year-over-year. The company has a robust earnings surprise history. It has surpassed the Street’s bottom-line projections in each of the past four quarters.
The stock has a consensus “Strong Buy” rating overall. Of the 18 analysts covering the BLK stock, opinions include 13 “Strong Buys,” three “Moderate Buys,” and two “Holds.”
This configuration is slightly less optimistic than a month ago, when 14 analysts gave “Strong Buy” recommendations.
On Jul. 16, Keefe Bruyette analyst Kyle Voigt reiterated an “Outperform” rating on BLK, but reduced the price target from $1,260 to $1,215.
As of writing, BlackRock’s mean price target of $1,181.38 represents a modest 3.9% premium to current price levels. Meanwhile, the Street-high target of $1,252 suggests a notable 10.1% upside potential.
On the date of publication, Aditya Sarawgi 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.
