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Investing.com - Morgan Stanley maintained its Overweight rating on BlackRock (NYSE:BLK) while raising its price target to $1,486.00 from $1,362.00. The stock, currently trading near its 52-week high at $1,194.26, has demonstrated strong momentum with a 35.77% gain over the past six months, according to InvestingPro data.
The firm cited BlackRock’s vision to tokenize various asset types including stocks, bonds, property, and ETFs as a potential driver for long-term growth. Morgan Stanley noted that BlackRock has already begun technology development and partnerships to support this initiative.
BlackRock reported $205 billion in net new money during the third quarter, representing an annualized growth rate of 6.5%.
The asset manager also achieved 10% organic base fee growth in the quarter, which Morgan Stanley indicated supports a positive growth outlook for the company.
Morgan Stanley’s updated price target reflects its continued confidence in BlackRock’s business strategy and financial performance.
In other recent news, BlackRock Inc. reported its third-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share of $11.55, beating the forecast of $11.31. Additionally, BlackRock’s revenues reached $6.51 billion, exceeding the anticipated $6.29 billion. These results highlight the company’s strong performance, marked by higher-than-expected performance fees and significant long-term inflows of $171 billion. The organic base fee growth accelerated to 10%, aided by an improving business mix. In response to these results, Evercore ISI raised its price target for BlackRock to $1,300 from $1,230, maintaining an Outperform rating. The firm’s decision reflects confidence in BlackRock’s robust financial health and growth prospects. These developments are indicative of BlackRock’s continued strength in the asset management sector.
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