In a report released today, Ken Shih from DBS maintained a Buy rating on BlackRock (BLK – Research Report), with a price target of $1,075.00.
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Ken Shih’s rating is based on BlackRock’s strong financial performance and strategic positioning. Despite a slight miss in revenue expectations, the company’s adjusted earnings per share exceeded forecasts, reflecting effective cost management. BlackRock’s ability to generate significant core net inflows, particularly in ETFs and private markets, underscores its robust market position and growth potential.
Furthermore, BlackRock’s diversified revenue streams and global scale equip it to navigate economic uncertainties and geopolitical tensions better than its peers. The company’s strategic focus on expanding its market share, especially in the fragmented asset management industry, and its investments in technology and private markets, are expected to drive long-term growth. These factors, combined with a favorable valuation outlook, underpin Ken Shih’s Buy rating for BlackRock with a target price of USD 1,075.
In another report released on May 22, Jefferies also maintained a Buy rating on the stock with a $959.00 price target.