Analyst Explains Why He Likes BlackRock (BLK) as 'Financial Core' Holding

We recently published Top 10 Stock Recommendations You Can’t Miss Amid Growing AI Bubble Fears. BlackRock, Inc. (NYSE:BLK) is one of the top recommended stocks.

Jason Snipe, the Founder and Chief Investment Officer of Odyssey Capital Advisors, explained in a latest program on CNBC why he likes BlackRock. Here is what the analyst said:

“I think it speaks to innovation for BlackRock Inc (NYSE:BLK). You know, listen, I mean, AUM growth is up 15%, revenue growth was up 13%. You know, it’s the largest player in the ETF business. So, I continue to like this name. I think they’re focusing on the right segments and we’ll continue to hold it as a financial core holding in the financial sector for us.”

Nightview Capital stated the following regarding BlackRock, Inc. (NYSE:BLK) in its Q4 2024 investor letter:

 “Finance is transforming. Technology is democratizing access, reshaping wealth management, and enabling entirely new models of investing. From algorithmic trading to digital-first advisory platforms, the sector is evolving rapidly. Investors demand smarter, more sustainable options. The potential is significant, and we are focused on companies shaping how people save, invest, and transact in the years to come.

BlackRock, Inc. (NYSE:BLK): Core Opportunity: BlackRock leverages its scale and innovation to lead in asset management, ETFs, and financial technology.

Key Highlights: Massive Scale: AUM exceeds $10.6 trillion, supporting diverse revenue streams.

AI and Sustainability: Investments in AI, data centers, and energy transitions unlock trillions in opportunities.

Financial Strength: Operating income grew 12% YoY, with margin expansion of 160 basis points.

Investment Case: BlackRock’s consistent innovation, strategic partnerships, and shareholder returns position it as a leader in financial evolution. Its mix of growth and stability makes it an attractive long-term investment.”

While we acknowledge the potential of BLK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.