tradingkey.logo

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

ReutersJul 15, 2025 9:00 AM

** 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

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey

Related Articles

Tradingkey
KeyAI