Barclays lowered its price target on BlackRock (NYSE: BLK) from $1,350 to $1,290 on Wednesday, April 8, keeping an “Overweight” rating on the company.
The reduced price accompanied analyst Benjamin Budish’s lowered realizations estimates, as he now expects asset manager messaging “to be a bit less constructive” this quarter.
A couple of days earlier, Goldman Sachs analyst Alexander Blostein maintained a “Buy” rating on BlackRock, with his BLK price target lowered from $1,341 to $1,181.
Similarly, Bank of America’s Craig Siegenthaler issued a report on April 5, lowering the firm’s BlackRock price forecast from $1,467 to $1,198, although he kept his “Buy” rating unchanged.
Is BlackRock stagnating?
Based on BlackRock’s latest earnings release for the quarter ending December 31, 2025, the company reported $13.16 earnings per share (EPS), beating the consensus estimate of $12.55.
Revenue came in at around $7.01 billion, also above analyst estimates of $6.80 billion and up 23.4% on a year-over-year basis.
The upcoming earnings report is expected on April 14, and the Zacks consensus expects quarterly earnings of $12.01 per share, slightly lower from the previous quarter but still representing a year-over-year change of +6.3%. Revenue expectations are also somewhat lower, at $6.52 billion, although that too implies a 23.6% uptick from a year ago.
Also notable is the sharp decline in the value of BlackRock’s cryptocurrency portfolio in the first quarter of 2026, which has lost some $20 billion between January 1 and March 31. However, the pace of losses was moderate compared to the previous quarter, when BlackRock’s total net holdings saw a $26.44 billion drop.
Is BlackRock stock a buy?
Despite lower earnings estimates and several price cuts over the past week, Wall Street is still in agreement that BlackRock is a “Strong Buy,” as evidenced by market predictions recorded on analyst tracking platform TipRanks in the last three months.
The most bullish forecast sees BLK shares rallying to $1,380 in the span of twelve months, while the most bearish one sees them changing hands at $1,150. On average, though, Wall Street predicts BlackRock land at $1,264.20 in the same period.
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