Michael Cyprys, an analyst from Morgan Stanley, reiterated the Buy rating on BlackRock. The associated price target was raised to $1,486.00.
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Michael Cyprys has given his Buy rating due to a combination of factors that highlight BlackRock’s strong growth potential. The company has demonstrated impressive organic base fee growth, achieving a 10% increase in the recent quarter, which is the highest since late 2021. This consistent growth over five consecutive quarters reinforces confidence in BlackRock’s ability to maintain a growth rate exceeding 5%, especially following the recent closure of the HPS deal.
Furthermore, BlackRock’s strategic initiatives, such as the tokenization of all asset types, are expected to broaden its investment appeal and could significantly enhance its growth profile. Additional growth catalysts include synergies from the HPS and GIP partnerships, advancements in AI infrastructure, and increasing demand in private markets and ETFs. These factors collectively support the potential for substantial upside in BlackRock’s stock, aligning with Cyprys’s positive outlook.