UBS analyst Brennan Hawken has revised the price target for BlackRock (BLK, Financial), bringing it down to $980 from the previous $1,010. This adjustment follows the firm's evaluation of the company's first-quarter performance.
Despite the change in the price target, UBS maintains a Neutral rating on BlackRock's shares. The decision reflects the company's recent quarterly report and overall market conditions, prompting a reassessment of the stock's future valuation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for BlackRock Inc (BLK, Financial) is $1,042.56 with a high estimate of $1,111.00 and a low estimate of $950.00. The average target implies an upside of 17.35% from the current price of $888.44. More detailed estimate data can be found on the BlackRock Inc (BLK) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, BlackRock Inc's (BLK, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for BlackRock Inc (BLK, Financial) in one year is $911.14, suggesting a upside of 2.56% from the current price of $888.44. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the BlackRock Inc (BLK) Summary page.
