BLK has been on a bit of a roller coaster these last twelve months, honestly. Glancing at the price action, it ran up from around 915 in May 2025 all the way past 1160 by October, only to give some of that back and bounce between 970 and 1140 through April. At the current level of 1048.91, it’s sitting pretty much in the middle of that recent range. Makes it tough to call the next move with any real enthusiasm.
I’m leaning modestly bullish here, looking for a move up to 1190.00 over the next few months. The main thing keeping me interested: asset inflows have held up even with market choppiness, and fee compression hasn’t been as severe as the bears keep warning. Also, BLK seems to have avoided any disastrous headlines while a few smaller asset managers have been tripping over compliance or tech glitches. That’s not nothing in this environment.
That said, I’m not going to pretend the risk isn’t real. My main concern is that the recent run up already priced in a lot of good news, and if earnings come in soft or guidance disappoints, we could easily be back at 950. The stock’s moved a lot on relatively little, so it wouldn't take much for things to get wobbly. Not something I want to back up the truck on.
The next big thing for me is their Q2 report. If BLK can show even modest fee growth and steady flows given how rates have acted, that could unlock another leg up. Not betting the farm, but I do like the risk/reward if the market gets a little less panicky.