Summary:
- BlackRock's Q1 earnings exceeded expectations, but revenue fell short.
- Analyst price targets suggest a potential upside of over 23%.
- BlackRock is rated as "Outperform" by the majority of brokerage firms.
BlackRock Inc. (NYSE: BLK) recently reported its first-quarter earnings, surprising the market with a non-GAAP EPS of $11.30, which outperformed analysts' expectations by $1.09. However, the company's revenue of $5.28 billion did not meet projections, falling short by $30 million. Despite these mixed results amid tough market conditions, future earnings growth appears promising.
Wall Street Analysts Forecast for BlackRock
In evaluating BlackRock's future prospects, 15 Wall Street analysts have provided one-year price targets. The projections place the average target price at $1,059.10, with predictions varying between a high of $1,200.00 and a low of $890.00. This average target suggests a potential upside of 23.33% from BlackRock's current trading price of $858.78. Investors can explore more in-depth estimate data here.
Furthermore, BlackRock's consensus recommendation from 18 brokerage firms stands at an impressive 1.9, indicating an "Outperform" status. On this scale, 1 signifies a "Strong Buy," while 5 denotes a "Sell."
Assessing BlackRock's GF Value Estimate
According to GuruFocus, the estimated GF Value for BlackRock Inc. (BLK, Financial) is projected to be $922.70 in one year. This reflects a potential upside of 7.44% relative to its current price of $858.78. The GF Value is a proprietary metric that calculates a stock's fair value by considering historical trading multiples, past growth rates, and future business performance projections. For more comprehensive insights, visit BlackRock's Summary page.
In conclusion, while BlackRock's recent quarterly results paint a mixed picture, analyst forecasts and valuation estimates suggest there may be significant upside potential for investors willing to take a closer look at this financial giant.
