BlackRock's Upcoming Earnings Spark Positive Projections From This Wall Street Analyst
Portfolio Pulse from Anusuya Lahiri
Morgan Stanley analyst Michael Cyprys projects positive earnings for BlackRock, Inc (NYSE:BLK) with a slight increase in revenues but expects a decrease in adjusted operating income and EPS for Q4 2023. Cyprys is interested in BlackRock's insights on various key areas and has raised his price target from $897 to $952, maintaining an Overweight rating and selecting it as his Top Pick. BlackRock's diversified business and Aladdin technology platform are seen as strengths. BLK shares are up by 0.59% at $788.78.
January 04, 2024 | 5:38 pm
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Morgan Stanley analyst Michael Cyprys has a positive outlook on BlackRock, raising the price target to $952 and reiterating an Overweight rating. He anticipates a slight increase in revenues but a decrease in adjusted operating income and EPS for Q4 2023.
The positive projections from Morgan Stanley analyst Michael Cyprys, including a raised price target and an Overweight rating, suggest investor confidence in BlackRock's future performance. The anticipation of revenue growth and strategic advantages such as the Aladdin platform are likely to have a positive short-term impact on BLK's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100