TD Cowen raises target to USD 1,405 for BlackRock stock

Published on 10/27/2026 at 15:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BlackRock's third-quarter revenue reached USD 7.75 billion in 2026. BlackRock stock costs EUR 1,016.50 on October 27, 2026 in trading.

Target and earnings update

TD Cowen raised its BlackRock target from USD 1,212 to USD 1,405 on October 20, 2026.
Third-quarter revenue reached USD 7.75 billion in 2026, above the USD 7.43 billion estimate.
BlackRock stock costs EUR 1,016.50 at Lang & Schwarz on October 27, 2026 at 3:36 p.m. CET.

BlackRock Inc., US09290D1019, Illustration mit AI erstellt.

BlackRock stock (ISIN US09290D1019) is trading at EUR 1,016.50 at Lang & Schwarz on October 27, 2026 at 3:36 p.m. CET. TradingView identifies BlackRock Inc. as the issuer of the ISIN, while BlackRock's investor-relations page lists the company on the NYSE under BLK. TD Cowen upgraded BlackRock from Hold to Buy on October 20, 2026 and raised its price target from USD 1,212 to USD 1,405, Investing.com reports.

Third-quarter revenue reached USD 7.75 billion

BlackRock reported third-quarter 2026 revenue of USD 7.75 billion, compared with a USD 7.43 billion estimate, according to Moomoo. The difference was 4.31 percent, calculated from the two reported figures. Net income was USD 1.66 billion versus a USD 2.30 billion estimate.

BlackRock stock sits below its yearly high

At the NYSE, BlackRock was trading at USD 1,131.29 on October 27, 2026 at 10:45 a.m. EDT. The stock was USD 55.88, or 4.71 percent, below its 52-week high of USD 1,187.17 and USD 213.90, or 23.29 percent, above its 52-week low of USD 917.39. Volume stood at 71,355 shares and market capitalization was USD 175.2 billion at that time.

What does the target imply?

TD Cowen's USD 1,405 target is 24.20 percent above the NYSE price of USD 1,131.29 on October 27, 2026. The calculation uses the same currency and the formula target divided by price minus one. BlackRock's trailing P/E was 25.72 and its dividend yield was 2.00 percent at the same market snapshot.

Peers put the valuation in context

BlackRock's 0.32 percent daily gain, P/E of 25.72 and USD 175.2 billion market capitalization can be compared with Blackstone (NYSE, USD), which was down 0.30 percent with a P/E of 26.20 and market capitalization of USD 136.6 billion, and T. Rowe Price Group (NYSE, USD), which was up 0.28 percent with a P/E of 10.41 and market capitalization of USD 22.1 billion. All three observations are dated October 27, 2026.

BlackRock released its third-quarter results on October 14, 2026. The company had announced that reporting date on September 30, 2026, with the release scheduled before the NYSE open, according to BlackRock.

Target and price remain separate signals

TD Cowen's upgrade provides a higher valuation marker, while the market price remains below BlackRock's 52-week high. At Lang & Schwarz, BlackRock stock was trading at EUR 1,016.50 on October 27, 2026 at 3:36 p.m. CET. The further course of trading is shown by the continuously updated real-time quote of BlackRock stock.