Morgan Stanley analyst Michael Cyprys raised the firm’s price target on BlackRock to $1,245 from $1,150 and keeps an Overweight rating on the shares. Following a “significant” Q3 earnings beat, the firm sees accelerating momentum across BlackRock’s business with its 5% organic base fee growth target achieved in the quarter as well as a “strong pipeline of mandates, expanding private markets business, and scope for operating margin expansion.” The firm sees support for a 15% EPS compound annual growth rate from 2024-26, the analyst added.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on BLK:

• BlackRock price target raised to $1,120 from $1,010 at Barclays

• BlackRock price target raised to $1,090 from $1,070 at Wells Fargo

• BlackRock price target raised to $1,118 from $1,040 at Goldman Sachs

• Tesla lower after ‘underwhelming’ robotaxi launch event: Morning Buzz

• JPMorgan, Wells Fargo rising after earnings: Morning Movers