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BlackRock hits record high

ReutersJul 7, 2025 2:52 PM

Shares of asset manager BlackRock BLK.N hit record high; last up 0.2%

Co agrees to buy commercial real estate firm ElmTree Funds, furthering a drive by the world's largest asset manager to expand its exposure to private markets

BLK is set to report results on July 15, with analysts expecting it to post a higher profit, according to data compiled by LSEG

Sixteen of 18 analysts rate the stock "buy" or higher, 2 "hold"; median PT is $1,104.3 - data compiled by LSEG

Stock is up 5.6% YTD, including session moves; it rose ~26.3% in 2024

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