BlackRock (NYSE: BLK) traded at approximately $1,050 per share in early 2026, near record highs. The stock has more than quadrupled from its 2016 level, reflecting BlackRock's compounding AUM growth and its expansion beyond passive ETFs into private credit, infrastructure, and technology services through acquisitions including iShares, GIP, and Preqin.
Stock Price of BlackRock
BlackRock Stock Forecast
Analyst consensus on BLK is bullish for 2026. Most 12-month price targets range from $1,100 to $1,350, anchored by continued AUM growth, accelerating Aladdin technology revenue, and the full integration of the Global Infrastructure Partners acquisition. Key risks include a sustained equity market downturn reducing fee income and potential regulatory scrutiny of BlackRock's scale and market influence across global capital markets.
BlackRock Valuation
Timeline of BlackRock Funding
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1988
Seed CapitalBlackstone Group provides a $5 million credit line to Larry Fink and seven partners to launch BlackRock from a single office room in New York City.
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1992
PNC Equity InvestmentPNC Financial Services acquires a majority stake in BlackRock for $240 million, providing the capital base that funds BlackRock's expansion through the 1990s.
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1999
NYSE IPOBlackRock raises $126 million in its NYSE IPO at $14 per share, providing public equity capital and the currency for future acquisition-driven growth.
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2006
Merrill Lynch IM MergerBlackRock acquires Merrill Lynch Investment Managers in a $9.8 billion stock deal, using its NYSE shares as acquisition currency to more than double its AUM.
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2009
Barclays Global Investors AcquisitionBlackRock acquires Barclays Global Investors including the iShares ETF platform for $13.5 billion in cash and stock, instantly making it the world's largest asset manager.