BlackRock stock: Wells Fargo raises target to USD 1,250
Published on 10/23/2026 at 15:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTargets and quarterly numbers
- On October 15, 2026, Wells Fargo raised its BlackRock target to USD 1,250.
- Third-quarter revenue reached USD 7.752 billion on September 30, 2026.
- BlackRock stock costs EUR 1,007.50 at Lang & Schwarz on October 23, 2026 at 3:17 p.m. CEST.
- BlackRock's market capitalization was USD 174.1 billion on October 23, 2026.
Wells Fargo analyst Daniel Welden raised the price target for BlackRock from USD 1,230 to USD 1,250 on October 15, 2026, while maintaining an Overweight rating, Benzinga reported. The new target is 11.19 percent above BlackRock's USD 1,124.29 price on October 23, 2026. At Lang & Schwarz, the stock was trading at EUR 1,007.50 on October 23, 2026 at 3:17 p.m. CEST.
Third-quarter revenue rose 19 percent
BlackRock reported USD 7.752 billion in revenue for the third quarter ended September 30, 2026, up 19 percent from USD 6.509 billion a year earlier. The filing also showed GAAP net income attributable to BlackRock of USD 1.659 billion, compared with USD 1.323 billion in the third quarter of 2025, StockTitan reported. Adjusted diluted earnings per share increased 38 percent year over year to USD 15.93, while the adjusted operating margin widened to 47.8 percent from 44.6 percent.
Stock remains below its yearly high
The primary NYSE quote was USD 1,124.29 at 1:30 p.m. UTC on October 23, 2026, with a 52-week range of USD 917.39 to USD 1,187.17. That places the price USD 62.88, or 5.30 percent, below the high. The market capitalization stood at USD 174.1 billion, and volume was 9,553 shares at the quoted time.
Valuation and next reporting date
BlackRock traded at a trailing price-to-earnings ratio of 25.58 on October 23, 2026. Its next earnings date is January 21, 2027, according to TradingView. The company operates in financial services and asset management, providing investment management, advisory and risk-management services.
Comparison with peers
BlackRock (NYSE, USD): down 1.14 percent on October 23, 2026, P/E 25.58, market capitalization USD 174.1 billion.
Blackstone (NYSE, USD): down 1.18 percent on October 23, 2026, P/E 25.79, market capitalization USD 135.1 billion.
T. Rowe Price (NASDAQ, USD): down 0.57 percent on October 23, 2026, P/E 10.32, market capitalization USD 21.9 billion.
What the target means for valuation
The Wells Fargo target sets a higher valuation reference than the current NYSE price, while the latest quarter provides the operating comparison. Revenue growth of 19 percent and adjusted earnings-per-share growth of 38 percent were both higher than the 11.19 percent target distance calculated from the October 23, 2026 NYSE price.
Investor reference
BlackRock's third-quarter results combined USD 205.466 billion of net flows with USD 15.488 trillion of assets under management at September 30, 2026. The stock's current euro quotation and the analyst target therefore point to two separate reference currencies for investors in Germany.
The further course of trading is shown by the continuously updated real-time quote of BlackRock stock.
BlackRock stock at a glance
- Company: BlackRock, Inc.
- ISIN: US09290D1019
- Ticker: BLK
- Primary exchange: New York Stock Exchange
- Price Lang & Schwarz (as of October 23, 2026, 3:17 p.m. CEST): EUR 1,007.50
- Market capitalization: USD 174.1 billion (as of October 23, 2026)
- 52-week range: USD 917.39-1,187.17 (as of October 23, 2026)
- Sector / Industry: Financial Services / Asset Management
Market context: Market report S&P 500.
