BlackRock Stock Price Target 2025: When Will BLK Hit $1000 per Share?

Core Viewpoint - BlackRock, the world's largest asset management company, has underperformed relative to the S&P 500 over the past five years, but future growth prospects appear promising due to strategic expansions and earnings growth expectations [1][4]. Group 1: Performance Overview - Over the past five years, BlackRock shares gained 67.76%, while the S&P 500 gained 85.63% [1]. - In 2024, BlackRock's stock is down approximately 3%, compared to a nearly 14.5% gain for the S&P 500 year-to-date [1]. Group 2: Business Expansion - BlackRock is known for its iShares ETFs and is expanding into alternative asset classes, including crypto and infrastructure [2]. - The company announced plans to acquire Global Infrastructure Partners, which will triple the size of its infrastructure asset management business [3]. - BlackRock is also pursuing opportunities in private markets data through the acquisition of Preqin and is backing the planned Texas Stock Exchange [3]. Group 3: Earnings Growth Expectations - Analysts expect BlackRock to report earnings growth of 12.4% in 2024, 10.2% in 2025, and 17.6% in 2026 [4]. - Sustaining its current earnings multiple of around 19 could lead to a share price of $1000 by 2026 [4]. - A potential earnings increase to $50 per share in 2025 could result in a more than 26.5% rally from current price levels [5]. Group 4: Dividend and Total Returns - BlackRock offers a 2.59% dividend yield, which could enhance total returns [5]. - The company has a 14-year track record of dividend growth, averaging 9.45% annually over the past five years [6].