Wells Fargo Raises BlackRock (BLK) Price Target to $1,250
Wells Fargo reiterates its Overweight rating for BlackRock, raising the price target to $1,250, a 10.24% upside from the current price.
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Wells Fargo raised its price target on BlackRock, Inc. ($BLK) to $1,250 from $1,230 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
- Wells Fargo has reiterated its Overweight rating on BlackRock, Inc. and raised the price target to $1,250 from $1,230 on October 15, 2026.
- Wells Fargo's $1,250 price target implies 10.24% upside from BlackRock, Inc.'s ($BLK) current $1,133.86 share price.
- BlackRock shares recently traded at $1,125.88, which is about 9.9% below the new analyst target and 6.9% below its 52-week high of $1,209.89.
- The company has a strong revenue growth rate of 19.1% and a net margin of 24.2%, reflecting its solid performance in the asset management sector.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated BlackRock, Inc. alert may contain errors. Disclosures
Wells Fargo has reiterated its Overweight rating for BlackRock, Inc. (NYSE: BLK) and raised its price target to $1,250 from $1,230 on October 15, 2026. This change reflects the firm's positive outlook on the company's performance.
Other Institutional Activity in BlackRock, Inc.
Several other institutional investors have maintained their positions in BlackRock. BlackRock Inc. holds about 10,137,544 shares valued at approximately $11.5 billion after adding 5,066 shares, a small 0.1% increase. Vanguard Capital Management LLC also increased its stake by 39,735 shares, bringing its total to about 9,280,533 shares worth around $10.5 billion, marking a 0.4% increase. State Street Corporation added 136,242 shares, resulting in a total of 6,414,683 shares valued at about $7.3 billion, a 2.2% increase. In contrast, Temasek Holdings reduced its stake by 135,396 shares, ending with 5,195,165 shares worth about $5.9 billion, a decline of 2.5%. Bank of America Corporation cut its holdings by 647,874 shares, now holding 4,585,356 shares valued at approximately $5.2 billion, reflecting a 12.4% decrease.
BlackRock, Inc. Stock Up 5.6%
BlackRock shares are currently trading around $1,125.88, which is approximately 9.9% below the new analyst target of $1,250. The stock is above both its 50-day moving average by about 1.8% and its 200-day moving average by 6.1%. However, it is about 6.9% below its 52-week high of $1,209.89, indicating some room for growth.
$BLK price target
BlackRock, Inc. daily closes and this analyst's $1,250 target. Not advice.
Recent Earnings
In its trailing twelve months, BlackRock reported revenue of approximately $28.5 billion and earnings per share of $43.92. The company has a strong revenue growth rate of 19.1% year-over-year and a net margin of 24.2%. The 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.
Insider Buying and Selling at BlackRock, Inc.
In recent insider transactions, Chief Executive Officer Laurence D. Fink sold 1,905 shares on July 16, 2026, at an average price of $1,080.57 for a total value of 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. UBS maintained a Buy rating with a new target of $1,300, up from $1,277. Morgan Stanley kept its Overweight rating, raising its target to $1,531 from $1,468. JP Morgan also maintained its Overweight rating with a target of $1,449, up from $1,435. Barclays held an Overweight rating with a target of $1,410, down from $1,420. The consensus from analysts shows a strong buy recommendation with a mean target price of $1,336.71 based on 17 opinions.
About BlackRock, Inc.
BlackRock, Inc. is a leading investment management firm based in New York, NY. The company provides a range of financial services, including investment management for various types of clients, such as pension funds, insurance companies, and individual investors. Its focus on risk management and advisory services has made it a key player in the financial services sector.
Bottom Line
Investors should keep an eye on BlackRock's performance as it approaches its next earnings date on January 14, 2027. With several analysts maintaining positive ratings and price targets, the outlook remains optimistic amid recent trading activity.
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Source: Wells Fargo's rating change on $BLK (Oct 15, 2026). Written by software, not financial advice. How we make alerts