After Jefferies and Morgan Stanley gave Blackrock Inc (NYSE: BLK) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Jeremy Campbell maintained a Buy rating on Blackrock Inc today and set a price target of $472. The company’s shares closed on Friday at $431.95.
According to TipRanks.com, Campbell is a 4-star analyst with an average return of 8.8% and a 62.7% success rate. Campbell covers the Financial sector, focusing on stocks such as Virtus Investment Partners, Intercontinental Exchange, and Marketaxess Holdings.
Blackrock Inc has an analyst consensus of Strong Buy, with a price target consensus of $470.50, implying an 8.9% upside from current levels. In a report issued on February 8, Morgan Stanley also maintained a Buy rating on the stock with a $515 price target.
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The company has a one-year high of $578.80 and a one-year low of $360.79. Currently, Blackrock Inc has an average volume of 759.2K.
Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock.
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BlackRock, Inc. engages in the provision of investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments.
