$BlackRock(BLK.US) The market is still complaining that BlackRock is too big to grow, failing to see how strong its latest report card is — Q4 revenue directly hit $7 billion, up 23% year-over-year, with assets under management soaring to a record high of $14 trillion. This is an elephant that can't run? This is an elephant running with its foot on the gas.

You think it's just a fee-collecting channel company, but it has already poured hundreds of billions of dollars into AI data centers and power electrification projects, investing $138 billion in 2025 alone, the highest in four years. It also set a target: to raise $400 billion in the private market by 2030, with its Aladdin business aiming for mid-double-digit growth. You think it's still defending its turf, but it's already laying the foundation for the next decade's toll road.

The most ironic part is the valuation — on one side, the median analyst target price is $1305, with Morgan Stanley directly giving $1514; on the other side, the stock price is still hovering. Six consecutive quarters of organic growth exceeding 5%, operating margin expanding to 45%. This script of transforming from a traditional asset manager to a dual-engine of "tech + alternative assets," and the market still prices it as an ordinary wealth management company. Whether you can grab this bargain depends on whether you can keep up with the pace.