12:50 AM EDT, 07/17/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target price of $1,245, valuing BLK at 23x our 2026 adj. EPS estimate of $53.50. We keep our 2025 adj. EPS estimate of $47.75 after BLK posted Q2 EPS of $12.05 versus $10.36, topping our $11.20 EPS estimate and the $10.82 consensus view. Results reflected 13% revenue growth (in line with our 12% to 17% growth forecast) on a 15% rise in fee revenues and 26% higher technology revenues, partly offset by lower performance fee revenues. The rise in technology revenues topped our 8%-12% growth forecast, reflecting greater market penetration of BLK's Aladdin platform, and contributions from the acquisition of Preqin. We trim our Q3 EPS estimate by $0.45, to $12.10 and our Q4 EPS estimate by $0.65, to $12.30, reflecting what we see as more muted market conditions. Despite this, we expect BLK's above-peer rate of organic AUM growth, double-digit technology revenue growth, and contributions from a strategic acquisition program will provide the shares with a catalyst for multiple expansion.