Goldman Sachs raised the firm’s price target on BlackRock (BLK) to $1,170 from $1,159 and keeps a Buy rating on the shares. The firm cites the company’s Q4 earnings beat while raising its FY25-FY27 EPS views to $46.08/$52.51/$60.02 from $45.61/$52.04/$58.83 respectively, the analyst tells investors in a research note. Organic growth set a record in Q4, aided by improving investor sentiment and seasonal strength, with BlackRock also posting the second consecutive quarter of record net inflows, the firm added.
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