JP Morgan Raises BlackRock (BLK) Price Target to $1,449
JP Morgan has maintained its Overweight rating on BlackRock, Inc., setting a new price target of $1,449, a 27.79% upside from the current price.
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JP Morgan raised its price target on BlackRock, Inc. ($BLK) to $1,449 from $1,435 on October 15, 2026, and rates the stock "Overweight".
Since the rating, $BLK is up 1.2% to date (from the $1,120.78 close on Oct 15, 2026).
BLK
BlackRock, Inc.
Key Points
- On October 15, 2026, JP Morgan reiterated its Overweight rating on BlackRock, Inc. with a new price target of $1,449, up from $1,435.
- JP Morgan's $1,449 price target implies 27.79% upside from BlackRock, Inc.'s ($BLK) current $1,133.86 share price.
- As of October 16, 2026, BlackRock's shares are trading at $1,125.88, which is below the mean price target of $1,336.71 set by analysts.
- The company has a market cap of approximately $173.6 billion and a P/E ratio of 25.5.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated BlackRock, Inc. alert may contain errors. Disclosures
JP Morgan has reiterated its Overweight rating on BlackRock, Inc. (NYSE: BLK) on October 15, 2026, raising its price target from $1,435 to $1,449. This update follows a trend among several firms maintaining positive outlooks on the asset management giant.
Other Institutional Activity in BlackRock
Among other institutional investors, BlackRock, Inc. itself reported 10,137,544 shares worth about $11.5 billion, with a slight increase of 5,066 shares. Vanguard Capital Management LLC holds 9,280,533 shares valued at approximately $10.5 billion, having added 39,735 shares recently. State Street Corporation has 6,414,683 shares worth about $7.3 billion, increasing its position by 136,242 shares. However, Temasek Holdings decreased its holdings by 135,396 shares, now holding 5,195,165 shares valued at around $5.9 billion.
BlackRock, Inc. Stock Up 5.6%
BlackRock's shares are currently trading around $1,125.88 as of October 16, 2026. This price is above the 50-day moving average by 1.8% and the 200-day moving average by 6.1%. However, it remains below the 52-week high by 6.9% and below the average analyst price target by 22.3%.
$BLK price target
BlackRock, Inc. daily closes and this analyst's $1,449 target. Not advice.
Recent Earnings
For the trailing twelve months, BlackRock reported revenue of approximately $28.5 billion with an EPS of $43.92. The company's revenue growth year-over-year stands at 19.1%, while its net margin is 24.2%. BlackRock's next earnings report is scheduled for January 14, 2027.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 7.5%. Revenue beat estimates by 3.7%.
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Profit surprise
EBITDA missed by 5 percent. Operating income missed by 10 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
6 target raises, 1 target cut.
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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, Inc. offers a dividend yield of 2.05% with a payout ratio of 52.4%.
Insider Buying and Selling at BlackRock, Inc.
In recent insider transactions, CEO Laurence D. Fink sold 1,905 shares on July 16, 2026, at an average price of $1,080.57, totaling about $2.1 million. General Counsel Christopher J. Meade also sold 18,095 shares on the same date, with a total value of approximately $19.9 million.
Analysts Set New Price Targets
On October 15, 2026, several firms maintained their ratings on BlackRock, including UBS, which maintains a Buy rating with a target of $1,300, and Morgan Stanley, which also maintains an Overweight rating with a target of $1,531. Barclays and Wells Fargo both reiterated Overweight ratings with price targets of $1,410 and $1,250, respectively. The consensus rating across analysts is a strong buy, with a mean price target of $1,336.71 based on 17 opinions.
About BlackRock
BlackRock, Inc., headquartered in New York, NY, is a leading investment manager. The firm provides services to a wide range of clients including pension plans, insurance companies, and government entities. BlackRock is known for its global risk management and advisory services, making it a key player in the financial services sector.
Bottom Line
Investors should keep an eye on BlackRock's upcoming earnings report on January 14, 2027, and the continued activity from analysts and institutional investors as it reflects the broader sentiment around the company.
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Source: JP Morgan's rating change on $BLK (Oct 15, 2026). Written by software, not financial advice. How we make alerts