In recent stock market analysis, Keefe, Bruyette & Woods, led by analyst Aidan Hall, has updated their outlook on BlackRock (BLK, Financial), one of the industry's leading asset management firms. The firm has maintained its "Outperform" rating for BlackRock, reflective of their continued confidence in the company's performance.
However, there has been an adjustment in the target price for BlackRock (BLK, Financial). The price target has been lowered from a prior target of $1260.00 to a new target of $1215.00 USD. This revision reflects a percentage change of -1.84% from the previous target.
The current target price, at $1215.00, is part of the ongoing assessment by Keefe, Bruyette & Woods to align their forecasts amidst changing market dynamics. Despite the reduction, the maintained "Outperform" rating highlights an overall positive outlook for BlackRock (BLK, Financial) within its market segment.
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 $1,168.16 with a high estimate of $1,260.00 and a low estimate of $980.00. The average target implies an upside of 11.66% from the current price of $1,046.16. 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 $972.02, suggesting a downside of 7.09% from the current price of $1046.16. 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.
