Evercore ISI Group Cuts BlackRock (BLK) Price Target to $1,275

Evercore ISI has reiterated its Outperform rating on BlackRock, adjusting the price target to $1,275, a 12.98% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:58 PM EDT

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Evercore ISI Group cut its price target on BlackRock, Inc. ($BLK) to $1,275 from $1,300 on October 9, 2026, and rates the stock "Outperform".

Since the rating, $BLK is up 4.8% after 1 week and up 4.8% to date (from the $1,082.39 close on Oct 9, 2026).

BLK BlackRock, Inc.

$1,134.38 +6.26% year to date

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, Evercore ISI reiterated its Outperform rating on BlackRock, Inc. with a new price target of $1,275, down from $1,300.
Evercore ISI Group's $1,275 price target implies 12.98% upside from BlackRock, Inc.'s ($BLK) current $1,128.49 share price.
Recently, BlackRock shares traded around $1,128.49, which is about 11.5% below the new analyst target.
The company has a market cap of approximately $173.6 billion and a trailing twelve-month revenue of $28.5 billion.

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Evercore ISI Group has reiterated its Outperform rating on BlackRock, Inc. (NYSE: BLK) on October 9, 2026, with a revised price target of $1,275. This is a decrease from the previous target of $1,300.

Other Institutional Activity in BlackRock

Blackrock Inc. holds 10,137,544 shares worth about $11.5 billion, having increased its stake by 5,066 shares. Vanguard Capital Management LLC owns 9,280,533 shares valued at approximately $10.5 billion after adding 39,735 shares. State Street Corporation has 6,414,683 shares worth about $7.3 billion, boosted by 136,242 shares. In contrast, Temasek Holdings (Private) Ltd reduced its holdings by 135,396 shares, ending with 5,195,165 shares valued at around $5.9 billion. Bank of America Corporation also decreased its stake by 647,874 shares, bringing its total to 4,585,356 shares worth about $5.2 billion.

BlackRock, Inc. Stock Up 5.1%

As of October 16, 2026, BlackRock shares are trading around $1,128.49, which is about 6.7% below the 52-week high of $1,209.89. The stock is currently above its 50-day moving average by 2.0% and above its 200-day moving average by 6.4%. However, it is also 15.6% below the mean price target of $1,336.71 set by analysts.

12-month forecast

$BLK price target

BlackRock, Inc. daily closes and this analyst's $1,275 target. Not advice.

Recent Earnings

BlackRock reported trailing twelve-month revenues of approximately $28.5 billion, reflecting a year-over-year revenue growth of 19.1%. The company's earnings per share (EPS) stands at $43.92, with a net margin of 24.2%. Its next earnings report is scheduled for January 14, 2027.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

B- 71/100

Reported Apr 14, 2026

Forward outlook
6 target raises vs 1 cuts.
EPS & revenue
EPS beat estimates by 7.5%. Revenue beat estimates by 3.7%.
Profit surprise
EBITDA missed by 5 percent. Operating income missed by 10 percent.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
6 target raises, 1 target cut.
Earnings quality
Gross margin up 33.6 points. Operating margin up 2.3 points. Positive free cash flow.

Earnings Call Summary

BlackRock opened 2026 with one of its best quarters ever, generating one hundred thirty billion dollars in net inflows and eight percent organic base fee growth. Revenue jumped twenty-seven percent to six point seven billion dollars, driven by strong market performance, organic growth across ETFs and private markets, and the impact of acquisitions like HPS and Preqin. Management highlighted accelerating momentum in iShares, record Aperio flows of thirteen billion dollars, and strong institutional demand for private credit despite retail weakness. Larry Fink emphasized that clients are consolidating relationships with fewer managers and choosing BlackRock for its integrated public and private markets platform at global scale.

Guidance BlackRock did not provide new forward guidance in this call. Management reaffirmed its 2030 plan to deliver organic base fee growth of five percent or higher through a diversified public and private markets platform. They expect to continue targeting an adjusted operating margin of forty-five percent or greater, with recurring fee-related earnings margins trending toward fifty percent as private markets scale.

Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Dividend

BlackRock pays an annual dividend of $22.00 per share, which gives it a yield of 2.05%. The dividend payout ratio is 52.4%.

Insider Buying and Selling at BlackRock, Inc.

Recently, Chief Executive Officer Laurence D. Fink sold 1,905 shares on July 16, 2026, at an average price of $1,080.57, totaling approximately $2,058,486. General Counsel Christopher J.

Analysts Set New Price Targets

On October 12, 2026, TD Cowen maintained a Hold rating with a price target of $1,212, up from $1,190. On October 13, Morgan Stanley maintained an Overweight rating with a target of $1,468, down from $1,479. On October 15, UBS maintained a Buy rating and raised its target to $1,300 from $1,277. Morgan Stanley also maintained an Overweight rating with a new target of $1,531, up from $1,468, while JP Morgan raised its Overweight target to $1,449 from $1,435.

About BlackRock

BlackRock, Inc. is a leading investment management firm based in New York, NY. The company provides a range of investment services to various clients, including institutions and individuals, focusing on asset management and risk management solutions. This reiteration of Evercore's rating comes amid a competitive landscape in the financial services sector, as BlackRock continues to navigate market challenges.

Bottom Line

Investors should watch for BlackRock's next earnings report on January 14, 2027, which will provide further insight into the company’s performance. The recent adjustments in analyst ratings suggest varying views on the stock's potential moving forward.