Wells Fargo analyst Michael Brown has maintained their bullish stance on BLK stock, giving a Buy rating on January 22.
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Michael Brown’s rating is based on BlackRock’s strong position despite recent market challenges. Although the stock experienced a notable decline due to tariff issues and Vanguard’s fee reductions, Michael Brown emphasizes BlackRock’s significant advantages in terms of scale, brand recognition, and asset diversity, which are expected to maintain its competitive edge.
Furthermore, while the Vanguard fee rate cuts may impact BlackRock’s revenue to some extent, the diverse range of assets under BlackRock’s management helps mitigate these financial pressures. The company’s ability to address industry challenges, as demonstrated by its proactive approach to market changes like scheduling a tariff-focused webinar, further supports the Buy rating by indicating resilience and adaptability in the face of adversity.
In another report released on January 22, TD Cowen also maintained a Buy rating on the stock with a $1,251.00 price target.
Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLK in relation to earlier this year.