Blackrock Inc (BLK) Stock Forecast & Price Target

BlackRock, with $13.464 trillion in assets under management at the end of September 2025, showcases a diversified product mix, with 55% of assets in equity strategies and a significant emphasis on passive strategies, which constitute over two-thirds of long-term AUM. The company has reported an organic base fee growth of 6% for the quarter and 7% year-to-date, exceeding its goal of greater than 5% outlined in its 2030 targets, indicating strong operational performance. Additionally, management anticipates an incremental increase to the overall effective fee rate from HPS, further contributing to BlackRock's financial strength and outlook.

BlackRock's projected general and administrative (G&A) growth for 2025 is estimated at 13.3%, indicating ongoing cost pressures, although this has been slightly revised down from 13.8%. Additionally, the company reported an adjusted operating margin of 43.3% for the second quarter, falling short of expectations and prompting a reduction in margin estimates for 2025 and 2026 to 43.9% and 45.2%, respectively. Furthermore, the stock experienced a 5.9% decline following this announcement, primarily attributed to a decrease in base fee rates, lighter inflows, and a lower adjusted operating margin.