Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com - Freedom Capital Markets has raised its price target on BlackRock (NYSE:BLK) to $1,255 from $1,050 while maintaining a Hold rating on the stock. According to InvestingPro data, analyst targets for BlackRock range from $1,000 to $1,486, with 10 analysts recently revising their earnings estimates upward.
The investment management giant reported third-quarter 2025 results that modestly exceeded market expectations, with adjusted earnings per share of $11.55 outperforming forecasts by 2.2% and revenue of $6.509 billion beating estimates by 3.8%. BlackRock maintains strong financial metrics, with InvestingPro reporting a healthy 47.66% gross profit margin and an impressive 18.2% revenue growth over the last twelve months.
BlackRock’s assets under management reached a new all-time high of $13.5 trillion, representing a 17% year-over-year increase and 8% quarter-over-quarter growth, supported by strong net inflows totaling $205 billion.
The substantial revenue growth of 25% year-over-year was primarily driven by the consolidation of GIP and HPS financials, while the modest 1% year-over-year increase in EPS was affected by a sharp decline in non-operating income and a higher share count following the HPS transaction.
Freedom Capital’s new price target reflects a forward price-to-earnings multiple of 21.6x and projected EPS of $58.2 for the period spanning Q4 2026 to Q3 2027, with the firm noting that BlackRock is entering its seasonally strongest fourth quarter with building momentum.
In other recent news, BlackRock reported its third-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share of $11.55, compared to the forecasted $11.31. The company also reported revenues of $6.51 billion, exceeding the anticipated $6.29 billion. Following these results, Evercore ISI raised its price target for BlackRock to $1,300, highlighting strong performance fees and long-term inflows of $171 billion during the quarter. TD Cowen also increased its price target to $1,407 while maintaining a Buy rating, reflecting a favorable view of BlackRock’s third-quarter update. Morgan Stanley maintained its Overweight rating and raised its price target to $1,486, citing BlackRock’s initiative to tokenize various asset types as a potential driver for long-term growth. This initiative includes technology development and partnerships to support the tokenization of stocks, bonds, property, and ETFs. These developments indicate positive sentiment from analysts and investors towards BlackRock’s future prospects.
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