BlackRock: Ready for the Next Bull Market

The asset manager remains undervalued despite attracting premium valuation multiples

Dilantha De Silva

Apr 14, 2023

Summary

BlackRock reported reasonable earnings for the 1st quarter of 2023, despite a slowdown in revenue due to global capital market challenges.
The company saw $103 billion of long-term net inflows, representing 5% organic asset growth.
BlackRock's earnings are likely to grow steadily from here according to my estimates.
Based on historical valuation multiples, it should only be a matter of time until BlackRock stock hits $1,000, perhaps in the next bull market.

99/100 4 star <9 PE.

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I am/we currently own positions in the stocks mentioned, and have NO plans to sell some or all of the positions in the stocks mentioned over the next 72 hours. Click for the complete disclosure

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