Zacks Research downgraded BlackRock (BLK) from "strong buy" to "hold" on August 27, 2026. Wall Street's broader consensus for BlackRock remains a "moderate buy." The average price target is $1,311.06. This suggests continued optimism for the company's growth prospects. BlackRock stock opened at $1,174.17. It traded near its 52-week high.
BlackRock's newer product areas show strong performance. The firm's cryptocurrency portfolio grew by over $15 billion in August. Its iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) primarily drove this growth. This reflects significant institutional interest. It also reflects positive momentum in digital assets.