BUZZ - BlackRock shares rise after two brokers raise price targets

路透社2026/10/06 16:06

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On October 6th, JPMorgan raised the target price for BlackRock (BLK.N) from $1,364 to $1,435 and maintained an “overweight” rating. This news boosted the company's stock price. The brokerage anticipates that the iShares funds will attract $51 billion in equity inflows and $65 billion in fixed income inflows in the third quarter, supporting robust net sales. JPMorgan considers iShares a key driver of organic growth, with further opportunities in private markets, retail, digitalization, and international distribution. The brokerage also stated that the integration of BlackRock’s private market acquisition business is proceeding in the right direction and that valuations remain attractive. Jefferies also raised its target price from $1,222 to $1,260. Of 20 brokerages, 18 have assigned a “buy” or higher rating, while 2 rate the stock as “hold”; the median target price is $1,300, according to data compiled by LSEG. The stock’s current price-to-earnings ratio is 16.96 times forecast earnings over the next 12 months, significantly above the industry median of 10.97 times. BLK has risen 17.07% so far this year. (For the convenience of non-English speakers, Reuters has automated its reporting into several languages. Since automated translation may be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of translated texts, which are provided solely for readers’ convenience. Reuters is not liable for any damages or losses resulting from the use of the automated translation function.)

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October 6 - ** JPMorgan raised its target price on BlackRock BLK.N from $1,364 to $1,435 and maintained an “overweight” rating. Buoyed by the news, the company’s share price rose.

** The brokerage expects iShares funds to attract $51 billion in equities and $65 billion in fixed income inflows in the third quarter, supporting strong net sales.

** JPMorgan believes iShares is a key driver of organic growth and sees further growth opportunities in private markets, retail, digitalization, and international distribution sectors.

** The brokerage stated that the integration of BlackRock's private market acquisition business is moving in the right direction and the valuation remains attractive.

** Jefferies also raised its target price from $1,222 to $1,260.

** Out of 20 brokerages, 18 give the stock a “buy” or higher rating and 2 give a “hold” rating; the median target price is $1,300 — data compiled by LSEG.

** The stock’s current P/E ratio is 16.96 times the expected earnings per share over the next 12 months, far above the industry median of 10.97 times.

** BLK has risen 17.07% year-to-date.

(To facilitate non-English speakers, Reuters offers its reports in several other languages through automated translation. Since automated translation may contain inaccuracies or lack needed context, Reuters does not guarantee the accuracy of automated translations and provides them only for reader convenience. Reuters accepts no liability for any damage or loss caused by the use of automated translation services.)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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01:09 PM EDT, 10/06/2026 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded fund IWM fell and IVV edged higher. Actively traded Invesco QQQ Trust (QQQ) added 0.7%. US equity indexes rose as big-tech names helped the S&P 500 and the Nasdaq Composite hit fresh all-time highs intraday amid declining government bond yields and crude oil. Energy IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) were each up about 0.8%. Technology The State Street Technology Select Sector SPDR ETF (XLK) gained 0.8%; iShares US Technology ETF (IYW) added 0.7%, and iShares Expanded Tech Sector ETF (IGM) was 0.8% higher. The State Street SPDR S&P Semiconductor (XSD) climbed 1.4%, and iShares Semiconductor (SOXX) rose 0.6%. Financial The State Street Financial Select Sector SPDR (XLF) added 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 0.5%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.4%. Commodities Crude oil rose 0.2%, and the United States Oil Fund (USO) added 0.3%. Natural gas gained 1.3%, and the United States Natural Gas Fund (UNG) was up 1.2%. Gold on Comex gained 0.7%, and the State Street SPDR Gold Shares (GLD) was up 0.4%. Silver rose 0.5%, and iShares Silver Trust (SLV) gained 0.3%. Consumer The State Street Consumer Staples Select Sector SPDR (XLP) was 1% higher, and the Vanguard Consumer Staples ETF (VDC) rose 1.1%. The State Street Consumer Discretionary Select Sector SPDR (XLY) added 1.1%. VanEck Retail ETF (RTH) was up 1%, and the State Street SPDR S&P Retail (XRT) edged up 0.3%. Healthcare The State Street Health Care Select Sector SPDR (XLV) slipped 0.1%, while iShares US Healthcare (IYH) shed 0.2%, and Vanguard Health Care ETF (VHT) fell 0.4%. IShares Biotechnology ETF (IBB) declined 2.1%. Industrial The State Street Industrial Select Sector SPDR (XLI) added 1.2%. Vanguard Industrials Index Fund (VIS) rose 1.1%, and iShares US Industrials (IYJ) gained 1.1%. Cryptocurrency In midday activity, bitcoin (BTC-USD) shed

MT newswire•2026/10/06 17:09