Intel stock spikes after report of possible US government stake
On Monday, TD Cowen maintained a Buy rating on BlackRock (NYSE:BLK) and increased its price target to $1,063 from $1,032. The adjustment reflects a roughly 3% increase in the 12-month target price and is based on anticipated earnings growth. Currently trading at $898.46, BlackRock commands a market capitalization of $139.45 billion and has demonstrated solid revenue growth of 14.23% over the last twelve months. The firm’s analysts cited BlackRock’s first-quarter performance and subsequent conference call on April 11 as the basis for the revised estimates, noting an expectation of strong net new assets (NNA) and organic revenue growth for 2025, despite ongoing market volatility. According to InvestingPro analysis, the stock is currently fairly valued based on its proprietary Fair Value model.
The analysts at TD Cowen highlighted BlackRock’s strategic shift towards faster-growing areas, which they believe could lead to further multiple expansion for the company’s stock. They emphasized that BlackRock has set a high bar that few other traditional asset managers are likely to meet. The company has maintained dividend payments for 23 consecutive years, with a current yield of 2.37%. The new price target of $1,063 is grounded in an approximately 22 times multiple of the newly adjusted 2026 earnings per share (EPS) estimates, compared to its current P/E ratio of 21.59x. InvestingPro subscribers can access 8 additional key insights about BlackRock’s valuation and growth prospects.
BlackRock’s positioning within the market was also a subject of discussion. TD Cowen expects that as both traditional and alternative asset managers report their earnings, there will be a revaluation of BlackRock’s price-to-earnings (P/E) multiple as the year progresses. The analysts predict that investors will begin to compare BlackRock more with alternative asset managers rather than traditional ones, reflecting the company’s strategic business shifts. InvestingPro’s comprehensive analysis shows BlackRock maintains a "GOOD" overall financial health score, with particularly strong ratings in profitability and cash flow metrics.
Concluding their commentary, TD Cowen analysts reiterated their confidence in BlackRock, labeling it a top pick within their asset management coverage. They anticipate that the company’s stock will continue to be attractive to investors as it demonstrates growth and adapts to market changes throughout the remainder of the year. The new price target represents their updated valuation based on first-quarter actuals and expectations for the company’s adjusted earnings. For deeper insights into BlackRock’s financial metrics and growth potential, investors can access the comprehensive Pro Research Report available exclusively on InvestingPro.
In other recent news, BlackRock Inc (BVMF:BLAK34). reported its first-quarter 2025 financial results, which showed a mixed performance. The company exceeded earnings expectations with an EPS of $11.30, surpassing the forecast of $10.76. However, its revenue of $5.28 billion fell short of the anticipated $5.38 billion, marking a 1.9% miss. Despite these mixed results, BlackRock saw a 12% year-over-year increase in revenue and a 14% rise in operating income. The firm continues to expand its strategic initiatives, including launching a Bitcoin ETF in Europe and strengthening AI partnerships.
In other developments, BlackRock has been active in mergers and acquisitions, with a recent investment in Veridium Group, Germany’s leading closed block life insurance consolidator. The transaction is expected to close in the second half of 2025, pending regulatory approvals. Analysts have not provided any recent upgrades or downgrades for BlackRock, but the company remains optimistic about its long-term growth prospects. It anticipates reaching $220 billion in private credit assets under management following the acquisition of HPS. These recent developments highlight BlackRock’s ongoing efforts to innovate and adapt to market trends.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.