Morgan Stanley Raises target price for BlackRock to $1,261

Global investment bank Morgan Stanley has raised the target price for asset management company BlackRock to $1,261, while maintaining a neutral “shareholder” rating. The stock is trading today, Monday, at $1,029,000. BlackRock was founded in 1988 in New York and is the largest asset management company in the world, providing various investment services including mutual funds, exchange-traded funds, and investment portfolio management. It is famous for its “Aladdin” platform for data analysis and risk management, which provides innovative solutions for financial institutions. Its market value currently amounts to about $90 billion, making it one of the leading companies in the investment sector. According to CNN, Morgan Stanley’s recommendation reflects the company’s solid recent financial results, as it demonstrated a continued ability to deliver strong returns to its investors. BlackRock recorded remarkable growth in total assets under management, which exceeded $9 trillion by the end of the third quarter of 2024.

The company benefited from its expansion into international markets and increased demand for diversified investment products, including exchange-traded funds (ETFs).

The stock reached $750 as a result of market volatility during the Covid-19 pandemic.

The stock crossed the $1,000 barrier for the first time, driven by increased demand for ESG (environmental, social and governance) investments.

The stock stabilized above $1,200 thanks to sustained growth in asset management and expansion in emerging markets.

Morgan Stanley’s positive assessment reflects the bank’s confidence in BlackRock’s ability to maintain its leadership in the asset management sector, while enhancing earnings per share and supporting shareholder value.