BlackRock, Inc. (BLK) exceeded analysts’ estimates for third-quarter earnings, prompting several analysts to raise their price targets on the stock. The asset management giant reported strong revenue growth and earnings, driven by its expanding private markets capabilities. This bullish outlook has investors wondering if now is the right time to buy BLK stock.
BlackRock, Inc. (BLK) is set to release its third-quarter earnings before the opening bell on Friday, October 11. Analysts anticipate a slight decline in earnings per share but project revenue growth. Several analysts have recently adjusted their ratings and price targets for BlackRock, with a majority maintaining bullish sentiment.
BlackRock’s stock closed down slightly in the latest trading session, despite outperforming its sector over the past month. Analysts are focused on the company’s upcoming earnings report, which could reveal insights into its future performance. BlackRock’s current Zacks Rank suggests a hold position.
