Cramer Backs BlackRock as Citi Raises Target and GIP Eyes $40 B Deal

BlackRock, Inc. (NYSE:BLK) is one of Jim Cramer’s Recession-Proof Stock Picks.

The stock captures Cramer’s attention amid a price target boost and GIP’s negotiation to take over Aligned Data Centers for $40 billion.

On September 29, 2025, the company’s price target was boosted from $1,200 to $1,350 by Citi. The analyst also reiterated the Buy rating on the stock, indicating the stock’s future growth in value.

BlackRock, Inc. (NYSE:BLK) takes up second place in CNBC’s list of Jim Cramer’s top 10 things to watch in the stock market. The primary reason for the entry was the company’s negotiation to acquire Aligned Data Centers for approximately $40 billion, through Global Infrastructure Partners. The acquisition, upon its execution, will strengthen the company’s position in the AI market.

In addition to being Jim Cramer’s choice, BlackRock, Inc. (NYSE:BLK) makes an entry into our list with a strong institutional interest shown by 58 currently invested in the stock.

One of the world’s largest asset managers, BlackRock, Inc. (NYSE:BLK) provides a comprehensive range of investment, advisory, and risk management solutions, including iShares ETFs and the Aladdin technology platform. The company was founded in 1988 and governs its operations from its headquarters in New York.

While we acknowledge the potential of BLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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