BlackRock, Inc. (NYSE:BLK) on Tuesday reported better-than-expected first-quarter fiscal 2026 results.

Revenue rose 27% year over year to $6.70 billion, exceeding the consensus estimate of $6.46 billion. Adjusted operating income increased 31% to $2.70 billion. Adjusted earnings per share came in at $12.53, up 11% from a year earlier and above estimates of $11.62.

Chairman and CEO Laurence Fink said the firm delivered “one of the strongest starts to a year in our history.”

“Over the last twelve months, clients entrusted BlackRock with $744 billion of net new assets, powering 10% organic base fee growth,” Fink said.

BlackRock shares fell 0.4% to trade at $1,050.28 on Wednesday.

These analysts made changes to their price targets on BlackRock following earnings announcement.

• Keefe, Bruyette & Woods analyst Alex Bond maintained BlackRock with an Outperform rating and raised the price target from $1,150 to $1,240.
• Barclays analyst Benjamin Budish maintained the stock with an Overweight rating and raised the price target from $1,290 to $1,310.
• Evercore ISI Group analyst Glenn Schorr maintained BlackRock with an Outperform rating and increased the price target from $1,180 to $1,220.

Considering buying BLK stock? Here’s what analysts think:

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