BLK
Evercore’s message: still plenty of upside
Evercore ISI isn’t blinking on BlackRock. The firm lifted its price target to $1,220 from $1,180 and left the stock on Outperform, basically saying, “the story still has legs.”
Why the analysts are cheering
The call came after BlackRock’s first-quarter 2026 results impressed investors and gave management a chance to talk up the road ahead. That’s analyst code for: the numbers were good, but the bigger win might be what comes next.
BlackRock said organic base fee growth was 8% in the quarter, and management thinks it can keep delivering 6% to 7% growth from its structural-growth engines, including:
- active ETFs
- private markets
- models
- tax-aware strategies
- systematic investing
If those buckets keep compounding, BlackRock’s business starts to look less like a sleepy asset manager and more like a growth machine wearing a tie.
Why you should care
Evercore’s higher target doesn’t change BlackRock’s business overnight, but it does reinforce the idea that Wall Street still sees room for the stock to run. With shares already up nearly 21% over the past year, the real question is whether BlackRock can keep turning strong flows and fee growth into another leg higher.
Big picture: when the biggest names in asset management keep surprising to the upside, investors tend to notice — and so do the analysts.