Freedom Capital Boosts BlackRock, Inc. (BLK) Target Amid Strong Earnings Potential

We recently compiled a list of the 20 Most Profitable Stocks of the Last 20 Years. BlackRock, Inc. is one of the most profitable stocks on our list.

TheFly reported on January 23 that Freedom Capital’s analyst, Mikhail Paramonov, upgraded BLK from Hold to Buy and set a price target of $1,364, up from $1,255. The firm noted that BLK’s Q4 results reinforce its long-term earnings potential, which is driven by growth across base fees, performance fees, and technology services.

In a recent move, on January 26, BlackRock, Inc. (NYSE:BLK) filed with the SEC to launch the iShares Bitcoin Premium Income ETF, which is a fund designed to provide bitcoin exposure while generating income through a covered-call strategy, primarily by selling options on its existing iShares Bitcoin Trust (IBIT). The fund has not yet been assigned a ticker or fee structure. This move builds on BLK’s presence in the spot bitcoin ETF market and targets investors seeking income-focused strategies within the crypto space.

BlackRock, Inc. (NYSE:BLK) is a global investment management firm providing a wide range of financial services, including asset management, risk advisory, and technology solutions. The company serves institutional and individual clients worldwide.

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Disclosure: None.