Key Stats for BlackRock Stock
- Past-Week Performance: 2%
- 52-Week Range: $774 to $1,220
- Current Price: $1,094
What Happened to BlackRock Stock?
BlackRock (BLK) closed at $1,094 last Friday, gaining 1.1% on that same day, as the asset management giant navigated a dense week of developments including a shareholder lawsuit filed February 10, a landmark SEC tokenization working session, and CFO Martin Small’s appearance at the Bank of America Financial Services Conference, all landing within the same 10-day window.
At the BofA conference on February 10, Small outlined BlackRock’s 2026 strategic priorities, highlighting sustained organic base fee growth of 12% in Q4 2025 and $530 billion of iShares inflows for the full year, cementing the firm’s position as the world’s largest asset manager with over $14 trillion in AUM.
The growth engine behind that momentum spans multiple businesses firing simultaneously, with the Preqin acquisition closed in March, GIP and HPS integrations generating FRE margins above 50%, and the systematic equities business absorbing $50 billion in inflows across at least five distinct product strategies in 2025.
Meanwhile, the market increasingly views BlackRock not just as an ETF giant but as a diversified financial technology and private markets platform, with private markets AUM reaching $676 billion and the firm targeting $400 billion in additional fundraising through 2030.
Martin Small, CFO of BlackRock, stated at the February 10 Bank of America conference that “we feel really comfortable that we’re kind of clicking along at 6%, 7%” in normalized organic base fee growth, grounding that confidence in six consecutive quarters above 5% and a 45% adjusted operating margin in Q4 2025.
Additionally, ValueAct Holdings reported a new stake of 695,000 shares in BlackRock as of December 31, while Viking Global dissolved its position entirely, reflecting diverging institutional conviction heading into 2026.
The broader story for BlackRock centers on its push to become a digital wallet-native asset manager, with the iShares Staked Ethereum Trust ETF seeding on February 17 and active SEC engagement on tokenized iShares signaling that the firm is positioning for a distribution channel it believes will eventually reach 4.5 billion digital wallet users globally.
Wall Street’s Take on BLK Stock
BlackRock’s record Q4 organic base fee growth of 12%, paired with CFO Martin Small’s February 10 conference appearance and the iShares Staked Ethereum Trust ETF seeding, positions the firm’s revenue diversification story as increasingly credible heading into 2026.
The fundamental case rests on hard numbers: analysts project revenue climbing from $24.2 billion in 2025 to $28 billion in 2026, a 15.7% increase, while normalized EPS grows from $48.09 to $54.44, a 13.2% jump, sustaining BlackRock’s multi-year compounding trajectory.
Wall Street stands firmly behind the stock, with 9 Buys and 4 Outperforms among 16 analysts as of February 20, driving a mean price target of $1,328.44 against a closing price of $1,093.64, implying 21.5% upside from current levels.
The target range spans $1,200 on the low end to $1,550 on the high end, meaning even the most cautious analysts see meaningful upside while bulls price in full execution of BlackRock’s private markets and tokenization ambitions.
What Does the Valuation Model Say?
Anchored by the same GIP, HPS, and Preqin integration catalysts driving institutional confidence, a mid-case valuation model targets BLK stock at $2,100.34 by December 2030, implying a 92.1% total return and a 14.4% annualized IRR from current prices.
The primary risk is multiple compression, as BLK stock’s P/E is projected to contract at a negative 0.6% CAGR in the mid case through 2031, meaning earnings growth must carry the stock without valuation expansion, leaving little room for execution missteps across its three major integrations.
At $1,093.64, BLK stock trades at a 21.5% discount to the analyst consensus target and a 92.1% discount to the mid-case 2030 model, making the stock look undervalued for investors willing to hold through the integration cycle.
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