PREVIEW: BlackRock shares hit fresh record heading into report before the bell Tues

Shares of BlackRock BLK.N are up 0.7% and hit another record high on Mon ahead of the asset manager's quarterly results, due before the bell on Tues

Analysts expect Q2 rev to increase to $5.46 bln vs $4.81 bln in the yr-ago period, and EPS of $10.82/shr vs $10.36 a yr ago, according to LSEG

BlackRock on June 12 said it was aiming to grow its rev to $35 bln and more by 2030 from $20 bln last year and expects its market cap to double to $280 bln in 2030, betting that a growing foothold in private markets will boost revenues and lift its market value in the coming years

Analyst recommendations on BLK include 16 "strong buy" or "buy" ratings and two "hold" ratings

Barclays on Monday cut its target price to $1,210 from $1,220

The median 12-mo PT on the stock is $1,195, based on LSEG data; the stock was last at $1,108.96

Including the session move, BLK is up about 8% YTD compared with a roughly 6.6% gain in the S&P 500