Morgan Stanley Cuts BlackRock (BLK) Price Target to $1,468
Morgan Stanley reaffirms its Overweight rating for BlackRock, Inc. with a new price target of $1,468 on October 13, 2026, a 30.09% upside from the current price.
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Morgan Stanley cut its price target on BlackRock, Inc. ($BLK) to $1,468 from $1,479 on October 13, 2026, and rates the stock "Overweight".
Since the rating, $BLK is up 6.4% to date (from the $1,066.12 close on Oct 13, 2026).
BLK
BlackRock, Inc.
Key Points
- Morgan Stanley reiterated its Overweight rating on BlackRock, Inc. with a price target of $1,468, slightly down from $1,479.
- Morgan Stanley's $1,468 price target implies 30.09% upside from BlackRock, Inc.'s ($BLK) current $1,128.49 share price.
- The stock recently traded around $1,128.49, which is 15.6% below the mean analyst target of $1,336.71.
- BlackRock has a market cap of about $173.57 billion and a P/E ratio of 25.5.
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Morgan Stanley reiterated its Overweight rating on BlackRock, Inc. (NYSE: BLK) on October 13, 2026, setting a price target of $1,468. This is a decrease from their previous target of $1,479. The stock recently traded at $1,128.49 as of October 16, 2026.
Other Institutional Activity in BlackRock, Inc.
BlackRock, Inc. has seen activity from several other funds. Blackrock Inc. holds 10,137,544 shares valued at about $11.49 billion, having increased its position by 5,066 shares. Vanguard Capital Management LLC owns 9,280,533 shares worth approximately $10.52 billion, with a minor increase of 39,735 shares. State Street Corporation has 6,414,683 shares valued at around $7.27 billion, reflecting a 2.2% increase with an addition of 136,242 shares. Meanwhile, Temasek Holdings (Private) Ltd reduced its stake by 135,396 shares, bringing its total to 5,195,165 shares valued at about $5.89 billion.
BlackRock, Inc. Stock Up 5.1%
As of October 16, 2026, BlackRock's shares are trading above their 50-day moving average of $1,106.31 and their 200-day moving average of $1,060.91. However, the stock is 6.7% below its 52-week high of $1,209.89 and approximately 15.6% below the mean analyst price target of $1,336.71.
$BLK price target
BlackRock, Inc. daily closes and this analyst's $1,468 target. Not advice.
Recent Earnings
BlackRock reported trailing twelve-month revenue of approximately $28.54 billion, representing a year-over-year revenue growth of 19.1%. The company has an EPS of $43.92 and a net margin of 24.2%. The next earnings report is expected on January 14, 2027.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 7.5%. Revenue beat estimates by 3.7%.
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Profit surprise
EBITDA missed by 5 percent. Operating income missed by 10 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
6 target raises, 1 target cut.
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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.
Insider Buying and Selling at BlackRock, Inc.
Insider trading activity includes sales by Chief Executive Officer Laurence D. Fink, who sold 1,905 shares at an average price of $1,080.57 on July 16, 2026, totaling about $2.06 million. General Counsel Christopher J. Meade also sold 18,095 shares on the same date, valued at approximately $19.94 million.
Analysts Set New Price Targets
On October 12, 2026, TD Cowen maintained a Hold rating on BlackRock with a price target of $1,212, up from $1,190. Following Morgan Stanley's October 13 reiteration of its Overweight rating with a target of $1,468, UBS maintained a Buy rating with a target of $1,300 on October 15, 2026. JP Morgan also maintained its Overweight rating with a target of $1,449 on the same day.
About BlackRock, Inc.
BlackRock, Inc. is a leading investment management firm that serves a wide range of clients, including institutional and individual investors. The company specializes in asset management and risk management services, making it a significant player in the financial services sector.
Bottom Line
Investors should watch for BlackRock's upcoming earnings report on January 14, 2027, and continue to monitor analyst ratings and price targets as they evolve. Morgan Stanley's recent reiteration of its Overweight rating suggests confidence in the firm's performance amidst a competitive market landscape.
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Source: Morgan Stanley's rating change on $BLK (Oct 13, 2026). Written by software, not financial advice. How we make alerts