These Analysts Raise Their Forecasts On BlackRock Following Upbeat Q2 Earnings

Benzinga07-16 20:56

BlackRock Inc. (NYSE:BLK) on Wednesday reported second-quarter results that beat Wall Street expectations.

Second-quarter revenue increased 31% year over year to $7.08 billion, topping the analyst consensus estimate of $6.70 billion. Adjusted earnings came in at $13.91 per share, ahead of the consensus estimate of $12.60.

Chief Executive Officer Laurence Fink said strong market conditions, improving profitability and advances in technology continued to drive growth.

BlackRock shares rose 0.8% to $1,102.59 in pre-market trading.

These analysts made changes to their price targets on BlackRock following earnings announcement.

JP Morgan analyst Kenneth Worthington upgraded the stock from Neutral to Overweight and raised the price target from $1,165 to $1,364.
Barclays analyst Benjamin Budish maintained the stock with an Overweight rating and raised the price target from $1,340 to $1,450.
B of A Securities analyst Craig Siegenthaler maintained the stock with a Buy and raised the price target from $1,298 to $1,320.
Keefe, Bruyette & Woods analyst Alex Bond maintained BlackRock with an Outperform rating and boosted the price target from $1,275 to $1,300.

Considering buying BLK stock? Here’s what analysts think:

Photo via Shutterstock

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Adjusted earnings came in at $13.91 per share, ahead of the consensus estimate of $12.60.</p>\n<p>Chief Executive Officer Laurence Fink said strong market conditions, improving profitability and advances in technology continued to drive growth.</p>\n<p>BlackRock shares rose 0.8% to $1,102.59 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on BlackRock following earnings announcement.</p>\n<ul>\n<li>JP Morgan analyst Kenneth Worthington upgraded the stock from Neutral to Overweight and raised the price target from $1,165 to $1,364.</li>\n<li>Barclays analyst Benjamin Budish maintained the stock with an Overweight rating and raised the price target from $1,340 to $1,450.</li>\n<li>B of A Securities analyst Craig Siegenthaler maintained the stock with a Buy and raised the price target from $1,298 to $1,320.</li>\n<li>Keefe, Bruyette &amp; Woods analyst Alex Bond maintained BlackRock with an Outperform rating and boosted the price target from $1,275 to $1,300.</li>\n</ul>\n<p><strong>Considering buying BLK stock? 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Adjusted earnings came in at $13.91 per share, ahead of the consensus estimate of $12.60.</p>\n<p>Chief Executive Officer Laurence Fink said strong market conditions, improving profitability and advances in technology continued to drive growth.</p>\n<p>BlackRock shares rose 0.8% to $1,102.59 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on BlackRock following earnings announcement.</p>\n<ul>\n<li>JP Morgan analyst Kenneth Worthington upgraded the stock from Neutral to Overweight and raised the price target from $1,165 to $1,364.</li>\n<li>Barclays analyst Benjamin Budish maintained the stock with an Overweight rating and raised the price target from $1,340 to $1,450.</li>\n<li>B of A Securities analyst Craig Siegenthaler maintained the stock with a Buy and raised the price target from $1,298 to $1,320.</li>\n<li>Keefe, Bruyette &amp; Woods analyst Alex Bond maintained BlackRock with an Outperform rating and boosted the price target from $1,275 to $1,300.</li>\n</ul>\n<p><strong>Considering buying BLK stock? 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(NYSE:BLK) reported Q2 results beating expectations with revenue at $7.08B and adjusted earnings at $13.91 per share. Analysts also increased price targets.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BLK":"贝莱德"},"translate_title":"这些分析师在第二季度盈利乐观后上调了对贝莱德的预测","themeId":"11c8fbbf839f433c9d274cef5f173382","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLK":1.5},"content_text":"BlackRock Inc. (NYSE:BLK) on Wednesday reported second-quarter results that beat Wall Street expectations.\nSecond-quarter revenue increased 31% year over year to $7.08 billion, topping the analyst consensus estimate of $6.70 billion. Adjusted earnings came in at $13.91 per share, ahead of the consensus estimate of $12.60.\nChief Executive Officer Laurence Fink said strong market conditions, improving profitability and advances in technology continued to drive growth.\nBlackRock shares rose 0.8% to $1,102.59 in pre-market trading.\nThese analysts made changes to their price targets on BlackRock following earnings announcement.\n\nJP Morgan analyst Kenneth Worthington upgraded the stock from Neutral to Overweight and raised the price target from $1,165 to $1,364.\nBarclays analyst Benjamin Budish maintained the stock with an Overweight rating and raised the price target from $1,340 to $1,450.\nB of A Securities analyst Craig Siegenthaler maintained the stock with a Buy and raised the price target from $1,298 to $1,320.\nKeefe, Bruyette & Woods analyst Alex Bond maintained BlackRock with an Outperform rating and boosted the price target from $1,275 to $1,300.\n\nConsidering buying BLK stock? 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