BofA raised the firm’s price target on BlackRock (BLK) to $1,456 from $1,394 and keeps a Buy rating on the shares. Following the company’s Q3 report, the firm increased its Q4, 2025, 2026 and 2027 EPS estimates, driven by an increase in management fees, performance fees and organic growth. BlackRock is exploring the tokenization of its funds and ETFs, which will allow the firm to address a new channel of younger investors, the analyst noted. While the near-term revenue impact is limited, this plan positions BlackRock to benefit as tokenized markets gain regulatory clarity and institutional and retail adoption continues, the analyst added.
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