BlackRock is advancing towards its 11th straight session of gains, marking an impressive 11% surge during this period.
The asset management giant has achieved a 1.65% rise, reaching $749.14 by early afternoon, and is now approaching its July peaks. The company’s stocks have recorded a 5% surge since the year commenced.
November has favored BlackRock, with 16 sessions in the green and only four in the red.
Per Seeking Alpha’s Quant Rating, BlackRock holds a Hold rating with a score of 3.42 out of 5. The New York-based firm scores an A- for profitability and a B+ for momentum, while its growth and valuation potential have been rated a C and D-, respectively.
On Wall Street, eight analysts assert a Strong Buy for BLK, while five recommend a Buy. Approximately three analysts have deemed the stock as a Hold.
Seeking Alpha analysts generally regard the stock as a Buy. SA Analyst Blue Chip Portfolios have given a thumbs-up to the asset management company as a strong buy due to its robust competitive edge and favorable valuation.
“BLK is poised for future growth owing to escalating asset values, expanding market share, and its leading position in the ETF business,” stated Blue Chip Portfolios.