Michael Cyprys, an analyst from Morgan Stanley, reiterated the Buy rating on BlackRock (BLK – Research Report). The associated price target was lowered to $1,111.00.
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Michael Cyprys has given his Buy rating due to a combination of factors that highlight BlackRock’s strong growth potential and strategic positioning. The company has demonstrated consistent organic base fee growth, surpassing management’s targets, which instills confidence in its ability to maintain and even exceed a 5% growth rate. This growth is supported by BlackRock’s expanding capabilities, robust distribution network, and strong brand presence, positioning it well to capitalize on key growth areas such as ETFs, fixed income, private markets, and emerging market clients.
Additionally, Cyprys notes that BlackRock is poised to benefit from the deployment of cash reserves as market uncertainties decrease and the yield curve steepens, potentially encouraging investors to take on more risk. The synergies from recent acquisitions and the company’s focus on private markets and global expansion further strengthen its growth outlook. With a projected 15% EPS growth CAGR from 2025 to 2027 and a price target offering a 26% potential upside, Cyprys sees BlackRock as a compelling investment opportunity.
In another report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $1,035.00 price target.