BlackRock stock gets Wells Fargo coverage before October 14 earnings

Published on 10/03/2026 at 23:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BlackRock stock was last at USD 1,059.63 after a 0.44 percent daily decline on October 2. Q2 revenue reached USD 7.08 billion, up 30.6 percent year over year.

Luftaufnahme Manhattan Finanzdistrikt bei Sonnenuntergang, Vermögensverwaltung New York — BlackRock Inc. Hauptquartier in New York, Finanzdistrikt Manhattan aus der Luft, ISIN US09247X1019, Illustration mit AI erstellt.

BlackRock stock was last at USD 1,059.63 on the NYSE on October 2, 2026, after a 0.44 percent daily decline, while Wells Fargo opened fresh analyst coverage ahead of the companys next results. The brokerage assigned an Overweight rating and a USD 1,245.00 price target on October 3, 2026.

Wells Fargo sets a clear target

According to MarketBeat on October 3, 2026, Wells Fargo initiated coverage at Overweight with a USD 1,245.00 target. That target lies 17.49 percent above the USD 1,059.63 reference price, leaving the upcoming earnings report as the next concrete test for the valuation.

The same MarketBeat report put the average target from 18 analysts at USD 1,304.35. The consensus rating was Moderate Buy, with 14 Buy or Strong Buy ratings and 3 Hold ratings, although the figures describe expectations rather than a guaranteed outcome.

Q2 results raised the benchmark

BlackRocks second-quarter 2026 revenue reached USD 7.08 billion, up 30.6 percent from the same period a year earlier and above the USD 6.73 billion analyst estimate, according to MarketBeat. The comparison matters because the stock now carries a higher earnings hurdle into the next reporting date.

In the Q2 2026 earnings call, Fortune published BlackRocks adjusted operating margin of 45.9 percent, 260 basis points above the prior year, and total net inflows of USD 192 billion. Assets under management reached USD 15.3 trillion, giving investors two operating markers to track alongside revenue in the third quarter.

October 14 brings the next test

BlackRock is scheduled to release third-quarter 2026 results on October 14, 2026, before the market opens, according to MarketBeat. The scheduled date places organic asset growth, fee margins and flows beside the Wells Fargo target as the main checkpoints for the stock.

BlackRock stock stays below its yearly high

BlackRock stock was last at USD 1,059.63 on the NYSE on October 2, 2026 at 4:00 p.m. ET, with a session range of USD 1,058.22 to USD 1,089.22. Its 52-week range was USD 917.39 to USD 1,219.94, while market capitalization stood at USD 164.2 billion and volume reached 538,424 shares.