The slight reduction in consensus revenue growth forecasts has prompted a marginal decrease in BlackRock’s analyst price target, which declined from $1165 to $1147.
What's in the News
- Rick Rieder, BlackRock’s chief investment officer for global fixed income, is among 11 candidates President Trump is considering for the next Federal Reserve Chair (CNBC).
- BlackRock has advised employees not to use company devices on business trips to China, requiring the use of temporary loaner phones and prohibiting company laptops and VPN usage in the country (Bloomberg).
- BlackRock is leading a group close to investing roughly $10 billion in Saudi Aramco’s Jafurah gas project infrastructure, aiding Gulf nations’ economic diversification (Reuters).
- President Trump is expected to sign an executive order making private market investments—including those offered by firms like BlackRock—more accessible within U.S. 401(k) retirement plans (WSJ).
- BlackRock’s price target was lowered from $1,260 to $1,215 by Keefe Bruyette, which maintained its Outperform rating on the shares.
Valuation Changes
Summary of Valuation Changes for BlackRock
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $1165 to $1147.
- The Consensus Revenue Growth forecasts for BlackRock has fallen slightly from 10.5% per annum to 9.9% per annum.
- The Future P/E for BlackRock remained effectively unchanged, moving only marginally from 25.58x to 25.18x.
Disclaimer
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