BlackRock Inc. (BLK, Financial), a leading global investment management corporation, reported substantial net inflows for the first quarter of the year, totaling $84 billion. This performance marks an annualized organic asset growth rate of 3% for the company.
The significant influx was primarily driven by a record-breaking performance of the iShares ETFs. Alongside these exchange-traded funds, private markets and active net inflows also contributed notably to the growth seen during the quarter.
This financial milestone underscores BlackRock's robust position within the asset management industry, highlighting its ability to attract substantial investor interest across diverse investment products and strategies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for BlackRock Inc (BLK, Financial) is $1,059.10 with a high estimate of $1,200.00 and a low estimate of $890.00. The average target implies an upside of 23.33% from the current price of $858.78. More detailed estimate data can be found on the BlackRock Inc (BLK) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, BlackRock Inc's (BLK, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for BlackRock Inc (BLK, Financial) in one year is $922.70, suggesting a upside of 7.44% from the current price of $858.78. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the BlackRock Inc (BLK) Summary page.
