These Analysts Boost Their Forecasts On BlackRock After Better-Than-Expected Q3 Results

BlackRock Inc. reported a 19% year-over-year revenue increase to $7.75 billion for Q3, surpassing analyst expectations of $7.52 billion. Adjusted earnings were $15.93 per share, exceeding the consensus estimate of $14.13. Following the earnings announcement, several analysts adjusted their price targets, with notable increases from Keefe, Bruyette & Woods and Morgan Stanley, while BlackRock's shares rose 3.3% to $1,110.00.