BUZZ - BlackRock shares rise after two brokers raise price targets
路透社2026/10/06 16:06On October 6th, JPMorgan raised the target price for BlackRock (BLK.N) from $1,364 to $1,435 and maintained an “overweight” rating. This news boosted the company's stock price. The brokerage anticipates that the iShares funds will attract $51 billion in equity inflows and $65 billion in fixed income inflows in the third quarter, supporting robust net sales. JPMorgan considers iShares a key driver of organic growth, with further opportunities in private markets, retail, digitalization, and international distribution. The brokerage also stated that the integration of BlackRock’s private market acquisition business is proceeding in the right direction and that valuations remain attractive. Jefferies also raised its target price from $1,222 to $1,260. Of 20 brokerages, 18 have assigned a “buy” or higher rating, while 2 rate the stock as “hold”; the median target price is $1,300, according to data compiled by LSEG. The stock’s current price-to-earnings ratio is 16.96 times forecast earnings over the next 12 months, significantly above the industry median of 10.97 times. BLK has risen 17.07% so far this year. (For the convenience of non-English speakers, Reuters has automated its reporting into several languages. Since automated translation may be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of translated texts, which are provided solely for readers’ convenience. Reuters is not liable for any damages or losses resulting from the use of the automated translation function.)
October 6 - ** JPMorgan raised its target price on BlackRock BLK.N from $1,364 to $1,435 and maintained an “overweight” rating. Buoyed by the news, the company’s share price rose.
** The brokerage expects iShares funds to attract $51 billion in equities and $65 billion in fixed income inflows in the third quarter, supporting strong net sales.
** JPMorgan believes iShares is a key driver of organic growth and sees further growth opportunities in private markets, retail, digitalization, and international distribution sectors.
** The brokerage stated that the integration of BlackRock's private market acquisition business is moving in the right direction and the valuation remains attractive.
** Jefferies also raised its target price from $1,222 to $1,260.
** Out of 20 brokerages, 18 give the stock a “buy” or higher rating and 2 give a “hold” rating; the median target price is $1,300 — data compiled by LSEG.
** The stock’s current P/E ratio is 16.96 times the expected earnings per share over the next 12 months, far above the industry median of 10.97 times.
** BLK has risen 17.07% year-to-date.
(To facilitate non-English speakers, Reuters offers its reports in several other languages through automated translation. Since automated translation may contain inaccuracies or lack needed context, Reuters does not guarantee the accuracy of automated translations and provides them only for reader convenience. Reuters accepts no liability for any damage or loss caused by the use of automated translation services.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Resend-BUZZ-Reports say Venture Global is in negotiations with China over liquefied natural gas sales, and its stock price has surged in response.
Correction of company name spelling in the headline October 6 - Venture Global (VG.N), a liquefied natural gas producer, saw its share price rise by 2.3% to $13.77. According to Bloomberg, disruptions in global transportation caused by the situation in Iran have prompted China to seek diversified supply sources, and Venture Global is in talks to sell liquefied natural gas to more Chinese buyers (link). Venture Global has not immediately responded to a request for comment from Reuters. Bloomberg (link) reported that Venture Global has held preliminary negotiations on long-term contracts with at least three Chinese LNG importers. Out of 18 brokerages, 11 have rated the stock as "buy" or higher, and 7 have rated it as "hold". The median target price is $16. Including intraday fluctuations, VG’s share price has more than doubled so far this year. (For the convenience of non-native English speakers, Reuters provides automated translations of its reports into several other languages. As automated translations may contain errors or fail to convey the desired context, Reuters does not guarantee the accuracy of automated translation texts, which are provided solely to assist readers. Reuters accepts no responsibility for any damages or losses caused by the use of automated translation functions.)
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