BlackRock’s Q2 earnings top estimates but revenue, AUM come short

BlackRock (BLK) PT Raised to $910 at Argus

Argus analyst Stephen Biggar raised the price target on BlackRock (NYSE: BLK) to $910.00 (from $880.00) while maintaining a Buy rating.

The analyst comments "Raising target to $910 On July 15, BlackRock reported 2Q24 adjusted EPS of $10.36, up from $9.28 a year earlier and above the consensus of $9.96.... More

BlackRock (BLK) PT Raised to $920 at Evercore ISI

Evercore ISI analyst Glenn Schorr raised the price target on BlackRock (NYSE: BLK) to $920.00 (from $910.00) while maintaining a Outperform rating.

The analyst comments "Looking forward, BLK expressed confidence that L-T flows & organic base fee growth should improve from here, owing to: (1) the back-half of the year being seasonally strong (ETFs off to a good start in... More

BlackRock (BLK) PT Lowered to $912 at Deutsche Bank

Deutsche Bank analyst Brian Bedell lowered the price target on BlackRock (NYSE: BLK) to $912.00 (from $924.00) while maintaining a Buy rating.

The analyst comments "Overall, we believe investors will continue to focus on when the firm will return to sustainable 5% organic base... More

BlackRock (BLK) PT Raised to $935 at CFRA

CFRA analyst Catherine Seifert raised the price target on BlackRock (NYSE: BLK) to $935.00 (from $905.00) while maintaining a Buy rating.

The analyst comments "We raise our 12-month target price by $20 to $935, valuing BLK shares at 17.6x our newly initiated '26 adjusted EPS estimate of... More

BlackRock (BLK) Tops Q2 EPS by 41c; AUM misses estimates

BlackRock (NYSE: BLK) reported Q2 EPS of $10.36, $0.41 better than the analyst estimate of $9.95. Revenue for the quarter came in at $4.81 billion versus the consensus estimate of $4.85 million.

Assets under management $10.65 trillion, +13% y/y, estimate $10.73 trillion.

For earnings history and earnings-related data on BlackRock (BLK) click here.