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Investing.com - Evercore ISI has raised its price target on BlackRock (NYSE:BLK) to $1,300 from $1,230 while maintaining an Outperform rating following the asset manager’s third-quarter earnings results. The stock, currently trading near its 52-week high at $1,194, has delivered an impressive 36% return over the past six months. According to InvestingPro analysis, BlackRock appears slightly overvalued at current levels.
BlackRock reported stronger-than-expected performance fees and long-term inflows of $171 billion in the third quarter, representing approximately a 6% net sales rate. The company’s organic base fee growth accelerated to 10%, supported by an improving business mix that lifted the overall fee rate. With revenue growth of 18.2% and a robust market capitalization of $185.23 billion, BlackRock continues to demonstrate its dominance in the asset management industry. InvestingPro subscribers can access 10+ additional key insights about BlackRock’s financial health and growth prospects.
Despite seeing roughly 200 basis points of negative operating leverage and modest margin compression to 44.6% in the third quarter, Evercore ISI views BlackRock’s reinvestment behind this growth as both necessary and value-accretive over time. The company maintains a healthy gross profit margin of 47.7% and has consistently raised its dividend for 15 consecutive years, currently yielding 1.75%.
The firm noted several positive catalysts for BlackRock heading into year-end, including seasonal strength in the fourth quarter, an expected $80 billion outsourced mandate, momentum in private markets, positive retail flow trends, and continued organic base fee growth trajectory.
BlackRock entered the fourth quarter with a 4% assets under management tailwind, with multiple growth engines continuing to perform well, including ETFs which saw $153 billion in third-quarter inflows across active, fixed income, European and digital strategies.
In other recent news, BlackRock Inc. reported its third-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $11.55, compared to the forecasted $11.31. Additionally, BlackRock’s revenues reached $6.51 billion, exceeding the anticipated $6.29 billion. These results highlight the company’s strong financial performance in the recent quarter. The earnings report has been well-received by investors, as indicated by the positive market response. Analysts from various firms had projected these earnings estimates, reflecting a favorable outlook for BlackRock’s financial health. These developments mark significant progress for BlackRock in the current fiscal year.
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