---
title: "These Analysts Boost Their Forecasts On BlackRock After Better-Than-Expected Q3 Results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302011036.md"
description: "BlackRock reported Q3 results beating estimates, with revenue up 19% to $7.75 billion and adjusted earnings of $15.93 per share. Following the announcement, shares rose 3.3%. Most analysts raised their price targets, including Keefe, Bruyette & Woods, Wells Fargo, JP Morgan, and Morgan Stanley, while Barclays slightly lowered its target."
datetime: "2026-10-15T17:35:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302011036.md)
  - [en](https://longbridge.com/en/news/302011036.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302011036.md)
generator: "portal-rs"
---

# These Analysts Boost Their Forecasts On BlackRock After Better-Than-Expected Q3 Results

**BlackRock Inc**. (NYSE:BLK) on Wednesday reported better-than-expected third-quarter results.

Revenue increased 19% year over year (Y/Y) to $7.75 billion, topping the analyst consensus estimate of $7.52 billion. Adjusted earnings came in at $15.93 per share, ahead of the consensus estimate of $14.13.

Investment advisory, administration fees and securities lending revenue rose to $6.04 billion from $5.05 billion a year earlier. Securities lending revenue increased to $253 million from $203 million, led by higher spreads and increased average balances of securities on loan.

BlackRock shares rose 3.3% to trade at $1,110.00 on Thursday.

These analysts made changes to their price targets on BlackRock following earnings announcement.

-   Keefe, Bruyette & Woods analyst Alex Bond maintained the stock with an Outperform rating and raised the price target from $1,290 to $1,310.
-   Wells Fargo analyst Daniel Welden maintained the stock with an Overweight rating and raised the price target from $1,230 to $1,250.
-   Barclays analyst Benjamin Budish maintained the stock with an Overweight rating and cut the price target from $1,420 to $1,410.
-   JP Morgan analyst Michael Cho maintained the stock with an Overweight rating and raised the price target from $1,435 to $1,449.
-   Morgan Stanley analyst Mike Cyprys maintained the stock with an Overweight rating and raised the price target from $1,468 to $1,531.

**Considering buying BLK stock? Here’s what analysts think:**

*Photo via Shutterstock*

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## Related News & Research

- [BlackRock Non-GAAP EPS of $15.93 beats by $1.63, revenue of $7.75B beats by $320M](https://longbridge.com/en/news/301825283.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**