Wells Fargo initiated coverage of BlackRock (BLK) on October 1, 2026, assigning an "Overweight" rating. The bank set a price target of $1,245, suggesting notable upside from its then-current trading price.
Wells Fargo cited BlackRock's dominant industry position, highlighting its strength in exchange-traded funds (ETFs) via its iShares platform. Analysts also highlighted current market conditions as an attractive entry point for investors. The new rating precedes BlackRock's third-quarter earnings report, scheduled for October 14.