According to TipRanks.com, Harris is a 4-star analyst with an average return of 8.8% and a 65.3% success rate. Harris covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Intercontinental Exchange, and Cboe Global Markets Inc.
Currently, the analyst consensus on Blackrock Inc is a Moderate Buy with an average price target of $506.50, which is a 21.8% upside from current levels. In a report issued on October 7, BMO Capital also initiated coverage with a Hold rating on the stock with a $445.00 price target.
Based on Blackrock Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.61 billion and net profit of $1 billion. In comparison, last year the company earned revenue of $3.63 billion and had a net profit of $1.22 billion.
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BlackRock, Inc. engages in providing investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments.