BlackRock Posts Q4 Beat; Analyst Projects High-Single-Digit Revenue Growth
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BlackRock Inc (NYSE:BLK) reported Q4 results exceeding expectations, with net revenues of $6.33 billion and adjusted earnings of $13.16 per share. Analyst Alexander Blostein from Goldman Sachs reiterated a Buy rating with a price target of $1,234, projecting high-single-digit revenue growth driven by 12% organic base fee growth. The company generated net flows of $342 billion, indicating 9% long-term organic growth. Shares rose by 4.64% to $1,142.51 at publication.
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