BMO Capital Raises BlackRock (BLK) Price Target to $1,350

By TradeTexts Research Desk Oct 19, 2026, 2:15 PM EDT

Key Points

BMO Capital reiterated an Outperform rating on BlackRock, Inc. on October 19, 2026, raising its price target to $1,350 from $1,300.
BMO Capital's $1,350 price target implies 19.99% upside from BlackRock, Inc.'s ($BLK) current $1,125.12 share price.
Institutional investors recently adjusted their holdings, with Global Strategic Investment Solutions opening a new position and Temasek Holdings trimming its stake.
BlackRock trades with a trailing P/E ratio of 25.5 and a dividend yield of 2.05%, with its next earnings report slated for January 14, 2027.

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On October 19, 2026, BMO Capital reiterated its Outperform rating on BlackRock, Inc. (NYSE: BLK), lifting its price target to $1,350 from $1,300. According to the firm's research note, analysts remain positive on the asset manager even as shares trade below consensus price targets.

BLK BlackRock, Inc.

$1,134.38 +6.26% year to date

Daily close · Oct 16, 2026

Analyst rating track record

BMO Capital vs. the S&P 500

YTD return -0.27% hypothetical

All-time return -0.27% S&P 500 +0.87%

vs. S&P 500 -1.14% behind the index

Hypothetical returns from BMO Capital's disclosed trades, not real profit or advice. How we model this.

BMO Capital's Call on BlackRock, Inc.

BMO Capital kept its Outperform rating on BlackRock on October 19, 2026, raising its target from $1,300 to $1,350. Several other firms updated their views on BlackRock around the same time. On October 15, 2026, UBS maintained a Buy rating while moving its target from $1,277 to $1,300. Morgan Stanley maintained an Overweight rating and lifted its target from $1,468 to $1,531. JP Morgan maintained an Overweight rating, raising its target from $1,435 to $1,449. Barclays maintained an Overweight rating while adjusting its target from $1,420 to $1,410. Wall Street currently maintains a consensus Strong Buy recommendation on the asset management firm.

Other Institutional Activity in BlackRock, Inc.

Institutional investors continue to shuffle their holdings in BlackRock. Global Strategic Investment Solutions acquired 200 shares, ending with 200 shares worth about $211,799. Robertson Stephens Wealth Management sold all 3,547 of its shares, exiting the position entirely. Meanwhile, Temasek Holdings (Private) Ltd reduced its holdings by 135,396 shares, ending the period with 5,195,165 shares valued at about $5,851,288,591.

BlackRock, Inc. Stock Up 4.8%

BlackRock shares recently traded around $1,125.12 as of October 19, 2026, closing that day at $1,126.30. The stock trades above both its 50-day moving average of $1,106.31 and its 200-day moving average of $1,060.91. Shares sit roughly 7.0% below their 52-week high of $1,209.89 and about 22.6% above their 52-week low of $917.39.

12-month forecast

$BLK price target

BlackRock, Inc. daily closes and this analyst's $1,350 target. Not advice.

Recent Earnings

BlackRock reported $28,541,991,040 in trailing twelve-month revenue alongside earnings of $43.92 per share. The firm generated a net profit margin of 24.2% and a return on equity reflecting strong operational efficiency. The company's next earnings report is scheduled for January 14, 2027.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

B- 71/100

Reported Apr 14, 2026

Forward outlook
6 target raises vs 1 cuts.
EPS & revenue
EPS beat estimates by 7.5%. Revenue beat estimates by 3.7%.
Profit surprise
EBITDA missed by 5 percent. Operating income missed by 10 percent.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
6 target raises, 1 target cut.
Earnings quality
Gross margin up 33.6 points. Operating margin up 2.3 points. Positive free cash flow.

Earnings Call Summary

BlackRock opened 2026 with one of its best quarters ever, generating one hundred thirty billion dollars in net inflows and eight percent organic base fee growth. Revenue jumped twenty-seven percent to six point seven billion dollars, driven by strong market performance, organic growth across ETFs and private markets, and the impact of acquisitions like HPS and Preqin. Management highlighted accelerating momentum in iShares, record Aperio flows of thirteen billion dollars, and strong institutional demand for private credit despite retail weakness. Larry Fink emphasized that clients are consolidating relationships with fewer managers and choosing BlackRock for its integrated public and private markets platform at global scale.

Guidance BlackRock did not provide new forward guidance in this call. Management reaffirmed its 2030 plan to deliver organic base fee growth of five percent or higher through a diversified public and private markets platform. They expect to continue targeting an adjusted operating margin of forty-five percent or greater, with recurring fee-related earnings margins trending toward fifty percent as private markets scale.

Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Dividend

BlackRock pays an annualized dividend yielding 2.05%, backed by a dividend payout ratio of 52.4% of earnings.

Insider Buying and Selling at BlackRock, Inc.

Company insiders executed notable transactions ahead of the analyst update. On July 16, 2026, Chief Executive Officer Laurence D. Fink sold 1,905 shares at an average price of $1,080.57 for a total value of $2,058,486. On the same day, General Counsel Christopher J. Meade sold 18,095 shares valued at $19,942,340.

About BlackRock, Inc.

BlackRock, Inc. is a publicly owned investment manager based in New York. The firm serves institutional, intermediary, and individual investors, including corporate and public pension plans, insurance companies, foundations, endowments, and sovereign wealth funds. In addition to managing mutual funds and other pooled investment vehicles, the company offers global risk management and advisory services.

Bottom Line

BMO Capital's higher price target comes as BlackRock shares trade comfortably above their key moving averages. Investors will watch for the company's next financial results on January 14, 2027, to gauge ongoing asset management inflows and fee revenue growth.