TD Cowen upgrades BlackRock to Buy and lifts price target to $1,405
TD Cowen raised its rating on BlackRock Inc. (BLK) from Hold to Buy and increased its price target to $1,405. The upgrade cites the firm’s strong Q3 2026 earnings, including adjusted EPS of $15.93 and revenue of $7.75 billion, as well as a projected assets‑under‑management of $25 trillion and 50% operating margins by 2030. The note also highlights a forecast of EPS exceeding $100 by 2030 and a 2.04% dividend yield.
Why it matters
The higher rating and new target imply roughly 25% upside from the current price, which could attract additional buying pressure. The firm’s long‑term EPS and AUM forecasts suggest continued earnings growth for investors.
Key facts
- 1TD Cowen upgraded BlackRock to Buy and set a price target of $1,405. investing.com
- 2Adjusted EPS for Q3 2026 was $15.93, beating estimates. investing.com
- 3Q3 2026 revenue was $7.75 billion, up 19% YoY. investing.com
- 4Net inflows in Q3 2026 totaled $205 billion. investing.com
- 5TD Cowen forecasts assets under management of $25 trillion and adjusted operating margins of 50% by 2030. investing.com
- 6The firm expects EPS to exceed $100 by 2030, implying a ~15% CAGR. gurufocus.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.