icon
0%

Blackrock BLK - News Analyzed: 3,981 - Last Week: 100 - Last Month: 500

⇑ BlackRock (BLK) Eyes Market Dominance Amid Acquisitions and Investment Expansions

BlackRock (BLK) Eyes Market Dominance Amid Acquisitions and Investment Expansions

BlackRock's (BLK) outlook has been lowered by Moody's due to concerns over debt. However, a price target has been set for BLK to potentially hit $1000 per share by 2025. BlackRock has seen several significant developments recently, including the acquisition of both Preqin, a private markets data firm, and IaaS provider, SpiderRock. These purchases are set to boost BLK's private market abilities, while they evidence the company's strategic move into the booming market for stock ETFs. The deal with Preqin, in particular, is expected to drive revenue synergies and expand the company's reach in emerging private markets.

Other relevant events include the expansion of model offerings in partnership with GeoWealth and the declaration of victory in a contentious closed-end fund dispute with Saba. Despite facing some market setbacks, such as reporting lower than average returns amid market gains, BlackRock manages nearly $10.5 trillion in assets and is seen as a solid dividend stock, with Wall Street analysts considering it a good investment. The firm also made headlines for encouraging Anglo to extend talks with BHP and launching an asset tokenization fund via the Ethereum network.

Blackrock BLK News Analytics from Fri, 13 Oct 2023 07:00:00 GMT to Sat, 06 Jul 2024 08:59:30 GMT - Rating 8 - Innovation 7 - Information 9 - Rumor -5

The email address you have entered is invalid.