What 7 Analyst Ratings Have To Say About BlackRock
Portfolio Pulse from Benzinga Insights
Analysts have diverse opinions on BlackRock (NYSE:BLK) with 7 recent ratings ranging from bullish to indifferent. The 12-month price targets show an average of $804.0, a high of $897.00, and a low of $708.00, indicating an 8.09% increase from the previous average. BlackRock, the world's largest asset manager with $9.101 trillion AUM, has a diverse product mix and global client base. Financially, it has a high market cap, positive revenue growth, strong net margin, but lags in ROE and ROA compared to industry averages, and has a conservative debt-to-equity ratio.
January 10, 2024 | 7:00 pm
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BlackRock has received mixed analyst ratings, but the average 12-month price target has increased, suggesting a positive outlook. The company's strong financials and leading position in asset management may support stock performance.
The increase in the average price target and the company's solid financial performance, despite some lagging indicators like ROE and ROA, suggest a generally positive short-term impact on BlackRock's stock price. The diverse analyst opinions reflect caution, but the overall trend in price targets and the company's market position could lead to investor optimism.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100