Morgan Stanley analyst Michael Cyprys maintains $Blackrock (BLK.US)$ with a buy rating, and adjusts the target price from $1,150 to $1,245.
According to TipRanks data, the analyst has a success rate of 56.6% and a total average return of 5.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Blackrock (BLK.US)$'s main analysts recently are as follows:
Following a notable third-quarter earnings surpass, there is observation of gaining momentum across BlackRock's operations, with its objective for 5% organic base fee growth attained within the quarter. Additionally, there's a robust pipeline of mandates, an enlarging private markets sector, and potential for operating margin enhancement. Support is anticipated for a 15% EPS compound annual growth rate from 2024 to 2026.
Following the Q3 report, BlackRock's strong earnings surpassed expectations, bolstered by better-than-anticipated performance fees and margins.
The company's hastened growth in organic base fees, coupled with a strategic move into private markets and an improved margin, are anticipated to contribute to further stock price appreciation. Additionally, the company's collaboration with a major technology firm and an infrastructure specialist to invest in data centers and energy infrastructure was highlighted as a significant step towards capitalizing on a multi-trillion dollar investment opportunity in long-term growth sectors.
Note:
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