BLK BlackRock, Inc.

MIXED Impact: 3/10 ANALYST-UPGRADE
Processed 1mo ago SEC analyst-BLK-ubs-20260223
6 firms acted on BLK: UBS, Freedom Broker, TD Cowen, BMO Capital, Wells Fargo, Barclays
Final — all horizons settled through T+60d
BLK ▲ +1.48% at T+60d
NEUTRAL call ✓ call won +1.48% · α vs SPY -6.78% · entry $1,070.09 → $1,085.88
Last close $994.77 (close Jun 8) · -7.04% from $1,070.09 entry
Entry anchored
Feb 23, 09:36 AM ET
via Databento tick
T+1d
+0.78%
call +0.78% · α +0.04%
$1,078.44
settled 4mo ago
T+5d
-0.18%
call -0.18% · α -0.80%
$1,068.15
settled 3mo ago
T+20d
-8.99%
call -8.99% · α -5.05%
$973.87
settled 3mo ago
T+60d
+1.48%
call +1.48% · α -6.78%
$1,085.88
settled 22d ago

Price Chart

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Executive Summary

UBS upgraded BlackRock (BLK) to Buy from Neutral on Feb 23, 2026, part of a six-firm cluster (UBS, Freedom Broker, TD Cowen, BMO Capital, Wells Fargo, Barclays) that recently acted on the stock. UBS maintained its $1,280 price target, implying 20% upside from the current $1,065.60. The firm is a top performer on BLK with an 80% accuracy rate (4 of 5 ratings correct) and an average return of 12.8%. Consensus is overwhelmingly bullish: 19 Buy (83%) and 4 Hold (17%) from 23 analysts, with a mean target of $1,254.13 (17.7% upside). However, earnings estimates are being revised lower — this year's EPS estimate dropped from $54.23 to $53.10 over 30 days, with 12 downgrades vs 3 upgrades. Insider selling is notable: CEO Laurence Fink sold $10.2M in late April, and other executives sold ~$6M combined. While the upgrade aligns with consensus, the downward EPS revisions and heavy insider selling create a mixed picture.

Impact Score

Base Score
2/7
LLM Adjustment
+1
Final Score
3/10

Consensus & Targets

Buy / Strong Buy
19 (83%)
Hold
4
Sell / Strong Sell
0
Total Analysts
16
Mean PT
$1,254.13
Median PT
$1,250.00
High PT
$1,393.00
Low PT
$1,140.00
Current Price
$1,065.60
Implied Upside
+17.7%

Consensus is heavily bullish: 19 Buy (4 Strong Buy, 15 Buy) and 4 Hold, with 0 Sell ratings from 23 analysts covering BLK. The direction is firmly positive, with 83% of analysts recommending Buy. UBS's upgrade aligns with this consensus, moving from Neutral to Buy.

The mean price target is $1,254.13, median $1,250, high $1,393 (Morgan Stanley), and low $1,140. At $1,065.60, BLK offers 17.7% upside to the mean and 17.3% to the median. UBS's $1,280 target is above both the mean and median, reflecting above-consensus optimism. The current price is 14% below the high target and 6.5% below the low target.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-04-15 UBS maintain Buy $1,270.00
2026-04-15 Morgan Stanley maintain Overweight $1,393.00
2026-04-15 Goldman Sachs maintain Buy $1,313.00
2026-04-15 Evercore ISI Group maintain Outperform $1,220.00
2026-04-15 Barclays maintain Overweight $1,310.00
2026-04-15 Keefe, Bruyette & Woods maintain Outperform $1,240.00
2026-04-13 JP Morgan maintain Neutral $1,128.00
2026-04-10 Evercore ISI Group maintain Outperform $1,180.00
2026-04-10 BMO Capital maintain Outperform $1,200.00
2026-04-09 UBS maintain Buy $1,235.00

Over the past 30 days, there have been 0 upgrades and 0 downgrades, with 10 maintain actions across firms. However, earnings estimates are being revised down significantly. For the current fiscal year, the EPS estimate fell from $54.23 to $53.10 (down 2.1%) with 12 downgrades vs 3 upgrades. Next year's EPS estimate dropped from $61.84 to $60.66 (down 1.9%) with 13 downgrades vs 2 upgrades. The negative revision trend contrasts with the bullish rating bias.

Firm Track Record — UBS

UBS accuracy: 55% on 5083 calls | avg return: 4.6%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 13 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
UBS 80% 4/5 12.8% top tier
Argus Research 75% 3/4 12.9% top tier
Wells Fargo 75% 6/8 6.2% top tier
TD Cowen 67% 2/3 13.2% top tier
Goldman Sachs 67% 2/3 4.5% top tier
Barclays 58% 7/12 5.7% above average
Morgan Stanley 58% 7/12 5.7% above average
JP Morgan 57% 4/7 4.9% above average
Citigroup 50% 2/4 7.9% below average
Deutsche Bank 50% 2/4 5.9% below average

UBS has an 80% accuracy rate on its 5 BLK ratings (4 correct) with an average return of 12.8%, making it a top-tier firm. Other top-tier firms: Argus Research (75% on 4 calls, avg return 12.9%), Wells Fargo (75% on 8 calls, avg return 6.2%). Lowest accuracy: Keefe, Bruyette & Woods (44% on 9 calls, avg return 3.0%). UBS's upgrade carries more weight given its strong record.

Earnings Estimates

Next earnings: Jul 13, 2026

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
+1y $60.66 $57.64 — $64.55 $30.8B ↑1 ↓0
0y $53.10 $51.97 — $54.14 $27.9B ↑0 ↓0
+1q $13.49 $12.79 — $13.89 $7.1B ↑0 ↓0
0q $12.55 $12.14 — $12.85 $6.6B ↑0 ↓0

Cross-Platform Signals

Insider Trades (90d)
0 buys / 5 sells
Congressional
Rich McCormick (republican) — buy $1,001 - $15,000
Congressional
Shelley Moore Capito (republican) — sell $1,001 - $15,000
Institutional
NORGES BANK — new
Institutional
RENAISSANCE TECHNOLOGIES LLC — new
Institutional
TWO SIGMA INVESTMENTS, LP — add (60%)

Insider trading is heavily bearish: CEO Laurence Fink sold $10.2M on Apr 28, President Robert Kapito sold $3.37M on Apr 27, and other executives sold ~$3M in February. Congressional activity is minimal (1 buy, 1 sell, both small). Institutional data is mixed: Norges Bank initiated a new $2.74B position (bullish) but also exited a prior stake (bearish). Two Sigma added 60% then later trimmed 65.6%, net effect uncertain. No short interest data available. The insider selling diverges from the analyst upgrade, suggesting a cautionary signal.

Actionable Insight

The UBS upgrade reinforces a strong buy consensus, but downward EPS revisions and heavy insider selling create a cautionary backdrop. Wait for earnings on July 13 for confirmation before adding long exposure.

Documents Analyzed

Report based on filing metadata.

18 reports for BLK
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+20▲ +2.59%Apr 14, 2026
Filters
Rows
Reports for BLK — sortable, filterable
Type Now
May 31, 2026
9d ago
ANALYST-UPGRADE
BULLISH ★ 2/10
$1,070.09 $1,068.15▼ −0.18%▼ −0.80%$994.77 (−7.04%)
May 20, 2026
20d ago
Press Release
NEUTRAL ★ 2/10
$1,061.88 $1,045.38▼ −1.55%▼ −3.40%$994.77 (−6.32%)
May 13, 2026
27d ago
13F-HR
NEUTRAL ★ 3/10
$1,094.06 $1,050.13▼ −4.02%▼ −3.88%$994.77 (−9.08%)
May 13, 2026
28d ago
Press Release
NEUTRAL ★ 2/10
$1,094.06 $1,036.30▼ −5.28%▼ −4.12%$994.77 (−9.08%)
May 1, 2026
5w ago
ANALYST-UPGRADE
MIXED ★ 3/10
$1,070.09 $1,068.15▼ −0.18%▼ −0.80%$994.77 (−7.04%)
Apr 28, 2026
6w ago
144
NEUTRAL ★ 2/10
$1,039.36 $1,073.41▲ +3.28%▲ +0.17%$994.77 (−4.29%)
Apr 27, 2026
6w ago
144
NEUTRAL ★ 2/10
$1,049.28 $1,052.25▲ +0.28%▼ −1.41%$994.77 (−5.19%)
Apr 27, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$1,053.65 $1,051.98▼ −0.16%▼ −0.56%$994.77 (−5.59%)
Apr 24, 2026
6w ago
Press Release
NEUTRAL ★ 2/10
$1,053.65 $1,051.98▼ −0.16%▼ −0.56%$994.77 (−5.59%)
Apr 20, 2026
7w ago
Press Release
NEUTRAL ★ 3/10
$1,048.41 $1,053.65▲ +0.50%▼ −0.41%$994.77 (−5.12%)
Showing 10 of 18

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