Keefe, Bruyette & Woods Raises BLK Price Target to $1,310

Analysts at Keefe, Bruyette & Woods reaffirm their Outperform rating and raise the price target for BlackRock, a 15.53% upside from the current price.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:18 PM EDT · Updated Oct 16, 2026, 11:15 PM EDT

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Keefe, Bruyette & Woods raised its price target on BlackRock, Inc. ($BLK) to $1,310 from $1,290 on October 15, 2026, and rates the stock "Outperform".

Since the rating, $BLK is up 1.2% to date (from the $1,120.78 close on Oct 15, 2026).

BLK BlackRock, Inc.

$1,134.38 +6.26% year to date

Daily close · Oct 16, 2026

Key Points

Keefe, Bruyette & Woods has reiterated its Outperform rating on BlackRock, Inc. with a new price target of $1,310, up from $1,290.
BlackRock's shares are currently trading at $1,125.88, below the new target but higher than the previous close of $1,073.79, suggesting potential upside.
The stock has a P/E ratio of about 25.5, and analysts have a consensus target mean price of approximately $1,336.71.

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Keefe, Bruyette & Woods has reiterated its Outperform rating on BlackRock, Inc. (NYSE: BLK) and increased its price target to $1,310 from $1,290, as of October 15, 2026. The stock is currently priced at $1,125.88, showing a good opportunity for growth given the new target.

Analyst rating track record

Keefe, Bruyette & Woods vs. the S&P 500

YTD return -6.29% hypothetical

All-time return -6.29% S&P 500 +1.27%

vs. S&P 500 -7.56% behind the index

Hypothetical returns from Keefe, Bruyette & Woods's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in BlackRock, Inc.

Several institutional investors have recently adjusted their holdings in BlackRock. Blackrock Inc. grew its holdings by 5,066 shares, ending with 10,137,544 shares worth about $11.4 billion. Vanguard Capital Management LLC added 39,735 shares, bringing its total to 9,280,533 shares valued at approximately $10.4 billion. State Street Corporation increased its stake by 136,242 shares, holding 6,414,683 shares currently worth around $7.2 billion. Meanwhile, Temasek Holdings reduced its holdings by 135,396 shares, now owning 5,195,165 shares valued at about $5.8 billion. Bank of America Corporation also pared its stake by 647,874 shares, holding 4,585,356 shares currently worth approximately $5.2 billion.

BlackRock, Inc. Stock Up 5.6%

As of the last published price on a Friday, BlackRock shares are trading at $1,125.88, which is below its 52-week high of $1,209.89 but above the low of $917.39. The stock has seen a 50-day moving average of $1,106.31 and a 200-day moving average of $1,060.91, indicating a stable price trend over recent months with potential for recovery towards the higher target.

12-month forecast

$BLK price target

BlackRock, Inc. daily closes and this analyst's $1,310 target. Not advice.

Recent Earnings

In its latest earnings report, BlackRock posted revenues of approximately $28.54 billion, reflecting a growth rate of 19.1%. The company reported earnings per share (EPS) of $43.92, with a net margin of roughly 24.2%. The next earnings report is expected on 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.

Insider Buying and Selling at BlackRock, Inc.

Recent insider activity includes sales by Chief Executive Officer Laurence D. Fink, who sold 1,905 shares at an average price of $1,080.57 on July 16, 2026, totaling about $2.06 million. General Counsel Christopher J. Meade also sold 18,095 shares on the same day, valued at approximately $19.94 million.

Analysts Set New Price Targets

On October 15, 2026, several firms maintained their ratings and price targets for BlackRock, Inc. UBS maintained a Buy rating with a target of $1,300, while Morgan Stanley and JP Morgan both kept an Overweight rating with targets of $1,531 and $1,449, respectively. Barclays and Wells Fargo also maintained Overweight ratings, with targets of $1,410 and $1,250.

About BlackRock, Inc.

BlackRock, Inc. is a major global investment manager based in New York, specializing in asset management for a wide range of clients including institutions and individuals. Its recent performance and the raised price targets from analysts signal a strong outlook as it navigates the financial services sector.

Bottom Line

Investors may want to keep an eye on BlackRock as it approaches its next earnings date on January 14, 2027. The reaffirmed ratings and updated price targets indicate analysts' confidence in the company's performance. Remember that the 13F filing from Keefe, Bruyette & Woods reflects past holdings and may not represent their current position.