Intel stock spikes after report of possible US government stake
On Thursday, TD Cowen analysts reiterated their Buy rating and $1,032.00 price target for BlackRock, Inc. (NYSE:BLK), the world's largest asset manager. Currently trading at $858.72, BlackRock shows potential upside according to InvestingPro data, with analyst targets ranging from $890 to $1,200. The firm's stance comes ahead of BlackRock's first-quarter earnings report for 2025, which is scheduled to be released before the market opens on April 11, 2025.
TD Cowen's analysis suggests that BlackRock's adjusted earnings per share (EPS) will be approximately $10.11, slightly below the consensus estimate. With trailing twelve-month EPS of $42.01 and analysts forecasting $48.65 for FY2025, BlackRock maintains strong profitability metrics. The analysts' optimism is partly due to the positive market response to President Trump's tariff adjustments announced on April 9, 2025, which has led to elevated market volatility and improved investor sentiment.
The analysts anticipate that investors will pay close attention to BlackRock's post-earnings conference call for insights and potential strategic shifts. TD Cowen commends BlackRock for its strategic pivot towards technology and private markets, expecting the company to benefit in the long term from the democratization of retail investing. InvestingPro analysis reveals the company's solid financial health with a "GOOD" overall score and strong cash flow metrics, supporting its strategic initiatives.
The firm also predicts that BlackRock will provide a constructive strategic update during their earnings call, setting a high standard in terms of fundamentals and model flexibility that may be difficult for peers to match. Furthermore, the analysts believe that BlackRock's alignment of ongoing organic flow with base revenue growth will continue.
TD Cowen sees limited risk of downward EPS revisions for BlackRock in the years 2025 and 2026, especially given the strong market recovery experienced on April 9, which they expect to have offset some of the market declines from earlier in the quarter. For deeper insights into BlackRock's valuation and growth prospects, investors can access comprehensive analysis and additional ProTips through InvestingPro's detailed research reports, available for over 1,400 US stocks.
In other recent news, BlackRock has successfully issued €1 billion in senior unsecured notes, maturing in 2035, with an interest rate of 3.75%. This financial move is intended for general corporate purposes, including the potential repayment of existing notes due later this year. Meanwhile, MNTN has decided to postpone its initial public offering amid current market instability, joining other companies like Klarna and StubHub Holdings in delaying their IPOs. The company has not provided a new launch date, citing uncertain market conditions as a factor in their decision.
Additionally, CK Hutchison has delayed the sale of its Panama Canal ports to a consortium led by BlackRock. Although the deal was expected to be signed soon, it has been postponed without any indication of cancellation. BlackRock CEO Larry Fink has issued warnings about rising protectionism ahead of new U.S. tariffs, emphasizing the potential economic impact. In his communications, Fink highlighted concerns about inflationary pressures and the possibility of a market decline. He also noted that many CEOs believe the U.S. may already be in a recession, with potential consequences for companies and consumers alike.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.