Last Updated: 15 Sep 2024
Executive Summary
BlackRock Inc. (BLK) is a leading global investment management company with a market capitalization of $1.31 trillion. The company has a strong financial position with healthy earnings and revenue growth. Analysts are generally positive on the stock, with a consensus target price of $947.93. The stock is currently trading at $885.73, which represents a potential upside of 7.0%.
Company Overview
BlackRock was founded in 1988 and is headquartered in New York City. The company provides a wide range of investment products and services to institutional and individual investors. BlackRock is the world's largest asset manager, with over $10 trillion in assets under management.
Fundamental Analysis
BlackRock's financial performance has been strong in recent years. The company's revenue has grown by an average of 7.7% per year over the past five years. Net income has grown by an average of 10.3% per year over the same period.
BlackRock's profitability metrics are also strong. The company's profit margin is 32.4%, and its operating margin is 37.8%. This indicates that BlackRock is able to generate a significant amount of profit from its revenue.
BlackRock's return on assets (ROA) is 3.43%, and its return on equity (ROE) is 15.2%. These metrics indicate that BlackRock is able to generate a good return on its invested capital.
Technical Analysis
BlackRock's stock price has been in a steady uptrend since the beginning of 2023. The stock is currently trading above its 50-day and 200-day moving averages. This indicates that the stock is in a bullish trend.
The stock's relative strength index (RSI) is currently at 62. This indicates that the stock is overbought, but it is not yet in overbought territory.
Short Term Outlook
The short-term outlook for BlackRock is positive. The stock is in a bullish trend, and it is trading above its key moving averages. The RSI is also indicating that the stock is overbought, but it is not yet in overbought territory.
Long Term Outlook
The long-term outlook for BlackRock is also positive. The company has a strong financial position and a track record of consistent growth. The company is also well-positioned to benefit from the growing demand for investment management services.
Analyst Recommendations
Analysts are generally positive on BlackRock. The consensus target price is $947.93, which represents a potential upside of 7.0%. Of the 26 analysts who cover the stock, 14 have a buy rating, 10 have a hold rating, and 2 have a sell rating.
