TD Cowen Raises BlackRock (BLK) Price Target to $1,405
Key Points
- TD Cowen raised its price target on BlackRock, Inc. to $1,405 from $1,212 and issued a Buy rating on October 20, 2026.
- TD Cowen's $1,405 price target implies 22.76% upside from BlackRock, Inc.'s ($BLK) current $1,144.51 share price.
- BlackRock recently traded around $1,144.51 on October 20, 2026, resting above its 50-day and 200-day moving averages.
- Other Wall Street firms including UBS, Morgan Stanley, and JP Morgan have also shared positive outlooks on the asset manager.
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TD Cowen raised its outlook on BlackRock, Inc. (NYSE: BLK) on October 20, 2026, lifting its price target to $1,405 from $1,212 and rating the stock a Buy. The research note from TD Cowen highlights a growing bullish sentiment from the firm as it joins a broader group of Wall Street analysts backing the large investment manager. BlackRock closed at $1,145.90 on October 20, 2026.
BLK
BlackRock, Inc.
TD Cowen vs. the S&P 500
Hypothetical returns from TD Cowen's disclosed trades, not real profit or advice. How we model this.
TD Cowen's Call on BlackRock, Inc.
On October 20, 2026, TD Cowen issued its updated research note on BlackRock, assigning the stock a Buy rating and pushing its price target higher to $1,405 from the previous target of $1,212. This forward-looking assessment reflects the firm's positive view on the asset manager's business trajectory. The new target sits well above where the stock recently changed hands.
Other Institutional Activity in BlackRock, Inc.
Other large institutional players have been adjusting their positions in BlackRock as well. Temasek Holdings (Private) Ltd reduced its holdings by 135,396 shares, ending the period with 5,195,165 shares worth about $5,953,139,700, a 2.5% decrease. Robertson Stephens Wealth Management cut its entire stake by selling 3,547 shares, leaving it with zero shares valued at $0. Global Strategic Investment Solutions opened a new position by acquiring 200 shares worth about $211,799.
BlackRock, Inc. Stock Up 0.9%
The stock recently traded around $1,144.51 as of October 20, 2026, putting it about 3.5% above its 50-day moving average of $1,106.18 and roughly 7.8% above its 200-day moving average of $1,061.44. Shares trade about 3.6% below their 52-week high of $1,187.17 while staying well clear of the 52-week low of $917.39.
$BLK price target
BlackRock, Inc. daily closes and this analyst's $1,405 target. Not advice.
Recent Earnings
BlackRock reported trailing-twelve-month revenue of $28.54 billion alongside earnings of $43.92 per share. The asset manager posted a net profit margin of 24.2% and year-over-year revenue growth of 19.1%. 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.
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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.
Dividend
The company pays an annual dividend of $22.92 per share, yielding 2.04% with a payout ratio of 52.4%.
Insider Buying and Selling at BlackRock, Inc.
In recent insider activity prior to the rating change, General Counsel Christopher J Meade sold 18,095 shares on July 16, 2026, for a total value of $19,942,340. Chief Executive Officer Laurence D Fink sold 1,905 shares on July 16, 2026, at an average price of $1,080.57, totaling $2,058,486.
Analysts Set New Price Targets
Wall Street firms have kept a generally upbeat stance on the asset manager. UBS maintains a Buy rating with a target of $1,300 after previously targeting $1,277 on October 15, 2026. Morgan Stanley maintains an Overweight rating, lifting its target to $1,531 from $1,468 on October 15, 2026. JP Morgan maintains an Overweight rating with a target of $1,449, up from $1,435, on October 15, 2026. BMO Capital maintains an Outperform rating, raising its target to $1,350 from $1,300 on October 19, 2026. The stock carries a consensus recommendation key of strong_buy from 17 analysts, with a mean price target of $1,339.65.
About BlackRock, Inc.
Headquartered in New York, BlackRock is a major investment manager serving institutional, intermediary, and individual investors around the world. The firm manages corporate, public, and union pension plans, insurance companies, third-party mutual funds, endowments, and sovereign wealth funds, alongside offering global risk management and advisory services.
Bottom Line
TD Cowen's decision to lift its target to $1,405 points to continued optimism among analysts covering the financial firm. Investors will look toward the company's next earnings release on January 14, 2027, to see how asset flows and revenue growth hold up against these elevated expectations.
Related Filing Alerts
Source: TD Cowen's rating change on $BLK (Oct 20, 2026). Written by software, not financial advice. How we make alerts