According to JPMorgan, BlackRock’s stock performance should keep pace with its strong fundamentals, making it an attractive stock for investors. The investment bank upgraded the asset management giant from neutral to overweight. He also raised his price target to $1,364 from $1,165, suggesting an upside of nearly 25% from Wednesday’s closing price. “We view BlackRock as a best-in-class asset manager that executes on a variety of growth drivers across a variety of business lines,” analyst Michael Cho said in a note to clients on Thursday. “Following the release of our second quarter 2026 results, we are upgrading BlackRock stock…based on a strong future flow, organic revenue and operating leverage setup.” BlackRock on Wednesday reported second quarter revenue of $7.08 billion and earnings excluding certain items of $13.91. Analysts surveyed by FactSet expected the company to report earnings of $12.69 per share and revenue of $6.73 billion. Assets under management also rose from $14.842 trillion to $15.345 trillion in the second quarter. 2026 BLK YTD Mountain BLK stock soared nearly 7% on Wednesday following the announcement. However, the stock price is only up 2% in 2026. Stocks have been depressed as tight liquidity continues to weigh on private credit and investors move away from asset management stocks and into artificial intelligence stocks. However, JPMorgan expects BlackRock’s future market conditions to be better as investors begin to appreciate BlackRock’s strong fundamentals and stock price appreciation potential. “Despite continued strong revenue growth, BlackRock stock has lagged significantly,” Cho wrote. “We believe BlackRock stock will catch up to its strong fundamental outlook and expect it to outperform from here.” JPMorgan’s call is in line with the consensus on the street. Of the 19 analysts covering BlackRock, 16 rate the stock as a “buy” or “strong buy,” according to LSEG data.
