Wells Fargo sets USD 1,245 target for BlackRock stock
π Wells Fargo initiated Overweight coverage with a USD 1,245 price target for BlackRock.
π° BlackRock reported Q2 2026 revenue of USD 7.08 billion, up 30.60% year-over-year.
π The company beat EPS estimates with actual results of USD 13.91 versus a consensus of USD 12.69.
πΌ BlackRock's operating profit for the quarter reached USD 2.46 billion.
π¦ Total assets stood at USD 175.9 billion as of June 30, 2026.
π Q3 2026 earnings are scheduled to be released before the NYSE opens on October 14, 2026.
π Stock traded at EUR 956.10 on October 2, 2026, up 0.95% from the prior close.
π― The current share price sits below the 52-week high of USD 1,219.94.
Bullish Signals
- Wells Fargo initiated coverage with an Overweight rating and a USD 1,245 price target, signaling strong confidence in BlackRock's market position.
- BlackRock achieved a significant 30.60% year-over-year revenue increase to USD 7.08 billion in the second quarter of 2026.
- The company beat quarterly earnings per share estimates, reporting USD 13.91 against a consensus of USD 12.69.
- BlackRock generated substantial operating profit of USD 2.46 billion for the quarter ended June 30, 2026.
Full Analysis
Wells Fargo initiated coverage of BlackRock Inc. with an Overweight rating and a USD 1,245 price target on October 1, 2026. This analyst benchmark highlights the asset manager's strong market position and execution capabilities across exchange-traded funds, private markets, and technology services.
BlackRock reported robust financial performance for the second quarter of 2026, with revenue reaching USD 7.08 billion, a significant increase of 30.60% year-over-year. The company beat earnings per share estimates, reporting USD 13.91 against a consensus of USD 12.69, while operating profit stood at USD 2.46 billion.
As of October 2, 2026, BlackRock stock was trading around EUR 956.10, which is below its yearly high but reflects the positive market sentiment surrounding its recent results. The company is scheduled to report third-quarter earnings on October 14, 2026, providing a key checkpoint for investors evaluating the sustainability of its growth trajectory.