Bank of America analyst Craig Siegenthaler has adjusted the price target for BlackRock (BLK, Financial), lowering it to $1,078 from a previous $1,178. Despite this adjustment, the analyst maintains a Buy rating on BlackRock's shares, highlighting the company's robust organic growth and profitability in the first quarter.
The decision to revise earnings estimates stems from the anticipation of challenging market conditions. However, the firm's outlook for BlackRock remains optimistic, with expectations that the company's market share will expand even as tariff conflicts unfold.
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 $1,039.36 with a high estimate of $1,124.00 and a low estimate of $890.00. The average target implies an upside of 18.27% from the current price of $878.78. 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 $931.40, suggesting a upside of 5.99% from the current price of $878.78. 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.
