"Barclays cited BlackRock's Q1 earnings beat as a demonstration of the strength of its model, with the firm also noting that BlackRock was upbeat on private credit, citing ongoing high levels of institutional demand."
"Goldman's Blostein sees BlackRock generating mid-teens EPS growth over the coming years, assuming a normal markets backdrop. He also expects positive EPS revisions for 2026 and 2027 that will clear the path for the stock to re-rate closer to its historical averages."
"Morgan Stanley also raised its price target on BlackRock shares to $1,393 from $1,368, keeping an Overweight rating and projecting a 15% EPS compound annual growth rate from 2025 to 2028."
BlackRock's stock received price target increases from Barclays and Goldman Sachs following impressive Q1 results. Barclays raised its target to $1,310, while Goldman Sachs increased it to $1,313. Analysts noted BlackRock's strong earnings and positive outlook on private credit, with Goldman projecting mid-teens EPS growth. Morgan Stanley also raised its target to $1,393, forecasting a 15% EPS compound annual growth rate from 2025 to 2028. BlackRock remains the largest asset manager globally, with $13.89 trillion in total AUM as of Q1.
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