Evercore Has Lowered Expectations for BlackRock (NYSE:BLK) Stock Price

10 Apr 2026, 09:32 by Renee Jackson · The Cerbat Gem

BlackRock (NYSE:BLK – Get Free Report) had its target price cut by stock analysts at Evercore from $1,235.00 to $1,180.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has an “outperform” rating on the asset manager’s stock. Evercore’s target price would suggest a potential upside of 17.98% from the company’s current price.

BLK has been the subject of a number of other research reports. UBS Group cut their price target on shares of BlackRock from $1,280.00 to $1,235.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley cut their target price on BlackRock from $1,550.00 to $1,368.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. CICC Research lifted their target price on BlackRock from $1,000.00 to $1,250.00 in a research report on Tuesday, February 3rd. BNP Paribas Exane increased their price target on BlackRock from $1,290.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Thursday, January 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of BlackRock in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and an average price target of $1,255.00.

View Our Latest Stock Report on BLK

BlackRock Stock Down 0.1%

Shares of NYSE:BLK opened at $1,000.18 on Friday. BlackRock has a 52-week low of $833.09 and a 52-week high of $1,219.94. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $1,018.36 and a two-hundred day moving average of $1,072.40. The stock has a market cap of $155.57 billion, a P/E ratio of 28.24, a PEG ratio of 1.37 and a beta of 1.48.

BlackRock (NYSE:BLK – Get Free Report) last announced its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.55 by $0.61. BlackRock had a net margin of 22.93% and a return on equity of 14.78%. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.80 billion. During the same quarter in the prior year, the firm posted $11.93 earnings per share. BlackRock’s quarterly revenue was up 23.4% on a year-over-year basis. On average, research analysts expect that BlackRock will post 47.41 earnings per share for the current year.

Insider Transactions at BlackRock

In related news, COO Robert L. Goldstein sold 54,190 shares of BlackRock stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $1,087.29, for a total value of $58,920,245.10. Following the completion of the transaction, the chief operating officer owned 51,478 shares in the company, valued at approximately $55,971,514.62. The trade was a 51.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J. Richard Kushel sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $1,125.00, for a total transaction of $22,500,000.00. Following the sale, the director owned 61,894 shares in the company, valued at approximately $69,630,750. This trade represents a 24.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 111,319 shares of company stock valued at $123,999,249. Insiders own 1.98% of the company’s stock.

Institutional Trading of BlackRock

Hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC grew its position in shares of BlackRock by 5,190.3% during the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after buying an additional 5,386,640 shares in the last quarter. Norges Bank acquired a new stake in shares of BlackRock in the 4th quarter valued at $2,742,680,000. Oak Harvest Investment Services grew its stake in shares of BlackRock by 12,176.1% during the fourth quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager’s stock worth $1,707,356,000 after purchasing an additional 1,582,159 shares in the last quarter. Auto Owners Insurance Co increased its holdings in BlackRock by 106,934.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager’s stock valued at $128,441,000 after buying an additional 1,283,208 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in BlackRock by 200.5% during the 4th quarter. Wellington Management Group LLP now owns 1,451,122 shares of the asset manager’s stock worth $1,553,194,000 after buying an additional 968,245 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

Positive Sentiment: Large inflows into BlackRock’s iShares Bitcoin Trust — $269M in one day — signal renewed institutional/retail demand for BLK’s crypto ETF franchise, supporting AUM and fee growth. BlackRock’s Bitcoin ETF inflows $269M
Positive Sentiment: BlackRock is adapting hedge-fund long/short strategies into ETF wrappers (liquid alts), which could expand margins and product stickiness if flows follow. This highlights active product innovation that can diversify revenue beyond passive indexing. BlackRock rips page from hedge fund playbook
Positive Sentiment: Crypto/ETH ecosystem moves: BlackRock’s large single-day ETH buys and the appointment of Galaxy Digital as an approved validator for its iShares Staked Ethereum Trust (ETHB) show continued institutional build-out of crypto products and staking revenue potential. Blockonomi – BlackRock ETH buy Blockonomi – Galaxy Digital added to ETHB
Positive Sentiment: Strategic product expansion: filings to launch Nasdaq‑100 ETFs to challenge Invesco’s QQQ and reported interest in UK infrastructure (Associated British Ports) signal growth initiatives across passive and private markets that can lift long-term AUM and fee diversification. BLK & STT Enter Nasdaq 100 Index ETFs BlackRock Eyes Associated British Ports
Neutral Sentiment: Coverage pieces note BlackRock’s resilience in private credit and index businesses, reinforcing its defensive positioning vs. peers but with limited immediate AUM impact. WSJ – Why BlackRock Is Weathering the Private Credit Storm
Negative Sentiment: Multiple analysts trimmed price targets this week (Barclays, Jefferies, Keefe Bruyette & Woods, UBS, BMO, TD Cowen). While many retained buy/overweight/outperform ratings, downward PT revisions tighten near‑term upside expectations and can pressure the stock via sentiment and model revisions. Examples: BMO/Barclays/Benzinga and UBS/AmericanBankingNews. Benzinga – price target changes AmericanBankingNews – UBS PT cut MarketScreener – TD Cowen PT cut
Negative Sentiment: Pomerantz law firm announced an investor investigation into BlackRock, introducing potential legal/PR risk that could weigh on sentiment until details are clarified. PRNewswire – Pomerantz investigation
Negative Sentiment: Internal commentary from BlackRock management urging caution that earnings estimates are overly optimistic (inflation/geo‑political impacts) may temper investor expectations for near‑term results. Financial Post – Jewell on earnings estimates

About BlackRock

(Get Free Report)

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.