BlackRock price target raised to $1,407 from $1,301 at TD Cowen

Investing.com - TD Cowen raised its price target on BlackRock (NYSE:BLK) to $1,407 from $1,301 while maintaining a Buy rating on the stock. The new target represents potential upside from the current price of $1,194, with BlackRock trading near its 52-week high of $1,209.82. According to InvestingPro data, the stock has delivered an impressive 35.77% return over the past six months.

The price target increase follows BlackRock’s third-quarter update released on October 14, which TD Cowen viewed favorably.

TD Cowen cited several factors supporting the higher valuation, including potential upgrades to consensus long-term organic growth assumptions for the asset management firm.

The firm also noted the advancement of BlackRock’s 2030 key performance indicators, stating it continues to see "strong line of sight to $100 of earnings power."

TD Cowen expects further multiple expansion for BlackRock stock, reflecting comparative flow growth, strong execution, and alignment with key total addressable markets.

In other recent news, BlackRock reported its third-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share of $11.55, compared to the forecasted $11.31. The company’s revenues also surpassed projections, reaching $6.51 billion against the anticipated $6.29 billion. Evercore ISI responded to these results by raising its price target for BlackRock to $1,300 from $1,230, maintaining an Outperform rating. The firm highlighted BlackRock’s strong performance fees and significant long-term inflows of $171 billion, which contributed to an accelerated organic base fee growth of 10%.

Additionally, Morgan Stanley adjusted its price target for BlackRock to $1,486 from $1,362 while maintaining an Overweight rating. Morgan Stanley pointed to BlackRock’s initiative to tokenize various asset types as a potential long-term growth driver. This initiative involves the development of technology and partnerships to support the tokenization of stocks, bonds, property, and ETFs. These developments underscore BlackRock’s strategic efforts to enhance its service offerings and adapt to evolving market trends.

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