Wells Fargo initiates coverage of BlackRock stock with USD 1,245 target

Published on 10/05/2026 at 12:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 7.08 billion in the second quarter, up 30.60 percent year over year. BlackRock stock costs EUR 945.70 on October 5, 2026 versus EUR 941.20.

Luftaufnahme Manhattan Finanzdistrikt bei Sonnenuntergang, Vermögensverwaltung New York — BlackRock Inc. Hauptquartier in New York, Finanzdistrikt Manhattan aus der Luft, ISIN US09247X1019, Illustration mit AI erstellt.

BlackRock (US09290D1019) was trading at EUR 945.70 at Lang & Schwarz on October 5, 2026 at 12:16 p.m. CEST, up 0.48 percent versus the prior close of EUR 941.20. According to MarketBeat on October 3, 2026, Wells Fargo initiated coverage with an overweight rating and a USD 1,245.00 price target.

Wells Fargo sets a clear target

The Wells Fargo target is USD 299.30 above the latest primary-exchange quote of USD 945.70 cited in the MarketBeat report, which equals 31.68 percent upside. The comparison uses US-dollar values and is separate from the EUR 945.70 Lang & Schwarz reference price.

The same MarketBeat report listed a Moderate Buy consensus from 18 analysts and an average target of USD 1,304.35. That average target is USD 358.65 above the cited USD 945.70 quote, a 37.96 percent difference.

Second-quarter revenue rose 30.60 percent

BlackRock generated USD 7.08 billion in revenue in the second quarter of 2026, according to MarketBeat. Revenue increased 30.60 percent from the same quarter a year earlier, while the report cited quarterly earnings per share of USD 13.91 against a USD 12.69 consensus estimate.

The standardized second-quarter 2026 financials show total assets of USD 175.9 billion and operating cash flow of USD 1.2 billion for the period ended June 30, 2026. The combination gives the upcoming earnings release two measurable reference points: revenue growth and cash generation.

October 14 is the next test

BlackRock announced on September 30, 2026 that it will report third-quarter 2026 earnings before the New York Stock Exchange opens on October 14, 2026, according to BlackRock. The date places the next earnings comparison after Wells Fargo's new coverage and gives investors a defined checkpoint for revenue, earnings and asset growth.

BlackRock stock stays below its yearly high

BlackRock's NYSE 52-week range was USD 917.39 to USD 1,219.94 in the October 3, 2026 market update. The company had a market capitalization of USD 164.2 billion as of October 2, 2026, while the Lang & Schwarz quote stood at EUR 945.70 in trading on October 5.

The further course of trading is shown by the continuously updated real-time quote of BlackRock stock.