Is BlackRock’s Push Into Data-Rich Bonds, Alts, and Bitcoin ETFs Altering The Investment Case For BlackRock (BLK)?

• Earlier this month, BlackRock expanded its product lineup by launching the iShares Total USD Fixed Income Market ETF and the iShares Systematic Alternatives Active ETF, while partner Hebbia announced a collaboration with BlackRock Aladdin to integrate Preqin’s private markets data into its platform.
• Together with heavy inflows into BlackRock’s iShares Bitcoin Trust despite a year-to-date loss, these moves highlight the firm’s push to offer broader fixed income, alternative, and digital-asset access through data-rich, technology-enabled solutions.
• We’ll now examine how BlackRock’s broad fixed income launch and resilient Bitcoin ETF inflows influence the company’s existing investment narrative.

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BlackRock Investment Narrative Recap

To own BlackRock, you generally have to believe that its scale in ETFs, technology, and alternatives can offset fee pressure and rising costs. Recent launches in fixed income and alternatives, plus resilient inflows into the iShares Bitcoin Trust, modestly support that view, but do not materially change the near term focus on margins as the key catalyst or the ongoing risk from regulatory and technology-related complexity.

The integration of Preqin’s private markets data into Aladdin via Hebbia looks most relevant here, because it deepens BlackRock’s technology offering around alternatives at a time when the company is already leaning into higher fee private assets as a growth driver. How well BlackRock manages the extra spend and operational complexity tied to these technology and private markets initiatives will be important for investors watching earnings quality and profitability.

Yet investors should also weigh how rising technology spend and operational risks tied to platforms like Aladdin and tokenization could...

Read the full narrative on BlackRock (it's free!)

BlackRock's narrative projects $28.7 billion revenue and $8.9 billion earnings by 2028. This requires 9.9% yearly revenue growth and about a $2.5 billion earnings increase from $6.4 billion today.

Uncover how BlackRock's forecasts yield a $1319 fair value, a 21% upside to its current price.

Exploring Other Perspectives

Seventeen members of the Simply Wall St Community currently see BlackRock’s fair value anywhere between US$724 and US$1,392 per share, highlighting a wide spread of expectations. As you weigh these differing views, remember that BlackRock’s push into tech enabled private markets and digital assets could influence both growth potential and the operational risks discussed above, so it can pay to compare several perspectives before forming your own view.

Explore 17 other fair value estimates on BlackRock - why the stock might be worth as much as 28% more than the current price!

Build Your Own BlackRock Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your BlackRock research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free BlackRock research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate BlackRock's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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