Forecast Of The Day: BlackRock’s Equity iShares Assets
What?
Trefis expects BlackRock’s (NYSE:BLK) equity iShares assets to rise from $1.55 trillion in 2020 to over $1.9 trillion in 2021 and about $2.1 trillion in 2022.
Why?
- Rising 24% In The Last Six Months, How Will BlackRock Stock Trend After 2024 Q1 Results?
- Up 10% Since The Beginning Of 2023, What Should You Expect From BlackRock Stock?
- Up 10% In The Last Six Months, Does BlackRock Stock Have More Room For Gains?
- Will BlackRock Stock Top The Estimates In Q3?
- BlackRock Stock Topped The Earnings Consensus In Q2
- BlackRock Stock To Beat The Street Expectations In Q2
Growth is likely to be driven by stock market appreciation as well as growing net investment inflows, with customers showing a preference for cost-efficient diversification through exchange-traded equity products.
So What?
While BlackRock’s assets are poised for continued growth, we think the stock looks fully priced at current levels of close to $900 per share, as the major ETF providers are in the midst of an aggressive price war to maximize their market share and edge out the competition.
See Our Complete Analysis For BlackRock
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