Cramer Backs BlackRock as Citi Raises Target and GIP Eyes $40 B Deal

Core Insights - BlackRock, Inc. is highlighted as a recession-proof stock pick by Jim Cramer, particularly due to a price target increase and its negotiation to acquire Aligned Data Centers for $40 billion [1][2][3] Group 1: Stock Performance and Analyst Ratings - Citi raised BlackRock's price target from $1,200 to $1,350, maintaining a Buy rating, indicating expected future growth in the stock's value [2] - BlackRock is ranked second in CNBC's list of top stock market picks by Jim Cramer, primarily due to its potential acquisition of Aligned Data Centers [3] Group 2: Company Overview and Market Position - BlackRock is one of the world's largest asset managers, providing a wide range of investment, advisory, and risk management solutions, including iShares ETFs and the Aladdin technology platform [4] - The company has strong institutional interest, with 58 institutions currently invested in its stock [4]