BLACKROCK, INC.

BLK
Delayed Quote. Delayed  - 09/24 04:10:00 pm
535.05USD -0.65%

BlackRock, Inc. : Good timing to anticipate a continuation of the trend

David Meurisse
Contributor / Partner

Strategy published on : 09/14/2020 | 08:55

long trade
Live

Entry price : 545.04$
Target : 580$
Stop-loss : 521$
Potential : 6.41%

The underlying tendency is to the upside for shares in BlackRock, Inc. and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
Investors have an opportunity to buy the stock and target the $ 580.

Strengths

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

● The group usually releases upbeat results with huge surprise rates.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 465.83 USD


Weaknesses

● With an enterprise value anticipated at 5.37 times the sales for the current fiscal year, the company turns out to be overvalued.

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