BlackRock stock falls 1.79 percent as ETHA sees USD 201.9 million outflow
Published on 10/07/2026 at 16:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
BlackRock Inc. (ISIN US09290D1019) stock fell 1.79 percent in trading on October 7, 2026, as investors weighed a sharp outflow from the company's Ethereum ETF. BlackRock's ETHA fund accounted for USD 201.9 million of net withdrawals from US spot Ether ETFs on October 6, according to CoinAlert.
ETHA outflow meets strong earnings
The flow data create a mixed picture for BlackRock's digital-asset franchise. ETHA represented the entire USD 201.9 million category outflow on October 6, while BlackRock's IBIT Bitcoin ETF was reported to have led Bitcoin ETF inflows with USD 122 million on the same date.
The product contrast matters because ETF demand feeds directly into the asset manager's fee-based platform. It also leaves the stock more sensitive to the next earnings release, where investors will assess whether market and product flows are translating into recurring revenue.
Q2 revenue rose 30.6 percent
BlackRock's second-quarter 2026 results provide the operating counterweight. MarketBeat reported on October 6 that revenue reached USD 7.08 billion in Q2 2026, up 30.6 percent year over year, while adjusted EPS was USD 13.91. EPS exceeded the cited consensus estimate of USD 12.69 by USD 1.22, and revenue exceeded the USD 6.73 billion estimate by USD 350 million.
The latest quarterly numbers therefore give investors a measurable benchmark: revenue growth and an earnings beat must offset the volatility visible in individual ETF flows. BlackRock's business spans institutional mandates, mutual funds, exchange-traded funds and technology services, so one product's withdrawals do not describe the whole earnings base.
Target stays above the market price
JPMorgan analyst Kenneth Worthington raised BlackRock's price target to USD 1,435 from USD 1,364 on October 6, 2026, while retaining an Overweight rating, according to Markets Insider. The target lies 35.36 percent above the USD 1,060.11 market price.
The broader consensus is Moderate Buy, with 18 analysts and an average target of USD 1,308.53, according to MarketBeat. That average target lies 23.43 percent above the October 7 price, leaving the earnings report as the next concrete test of the valuation case.
BlackRock stock trades below yearly high
BlackRock stock was last at USD 1,060.11 on the NYSE on October 7, 2026 at 10:30 a.m. ET, down USD 19.31 from the prior close. The price stood 13.10 percent below the 52-week high of USD 1,219.94 and above the 52-week low of USD 917.39.
BlackRock stock at a glance
- Company: BlackRock, Inc.
- ISIN: US09290D1019
- Ticker: BLK
- Trading venue: NYSE
- Price (as of October 7, 2026, 10:30 a.m. ET): USD 1,060.11
- Market capitalization: USD 164.3 billion (as of October 7, 2026)
- 52-week range: USD 917.39-1,219.94 (as of October 7, 2026)
- Volume: 51,441 shares (as of October 7, 2026)
- Sector / Industry: Financial Services / Asset Management
Upcoming dates for BlackRock stock
- October 14, 2026: Third-quarter 2026 earnings release before the NYSE open
BlackRock's investor-relations release dated September 30, 2026, says the company will publish third-quarter 2026 results on October 14, 2026, before the NYSE opens and will hold its call at 7:30 a.m. ET, according to BlackRock.
