• BlackRock, Inc. (NYSE:BLK) sets a price target of $1,209, indicating a potential increase of 10.96%.
• Despite the optimistic price target, TD Cowen downgrades BlackRock to Hold from Buy due to upcoming fourth-quarter earnings expectations.
• BlackRock plans to reduce its workforce by about 1%, aligning with strategic moves to streamline operations amidst anticipated revenue growth.

BlackRock, Inc. (NYSE:BLK) is a global investment management corporation, known for its extensive range of financial services. As a leader in the asset management industry, BlackRock competes with firms like Vanguard and State Street. On January 14, 2026, BlackRock set a price target of $1,209 for its stock, BLK, which was trading at $1,089.54, indicating a potential increase of 10.96%.

Despite this optimistic price target, TD Cowen downgraded BlackRock to Hold from Buy, as highlighted by TheFly. This downgrade comes as BlackRock prepares to release its fourth-quarter earnings on January 15. Analysts expect earnings of $12.3 per share, up from $11.93 per share in the same quarter last year, and a revenue increase to $6.75 billion from $5.68 billion.

In the midst of these financial expectations, BlackRock is reducing its workforce by about 1%, as reported by Bloomberg. This decision might be a strategic move to streamline operations despite the anticipated revenue growth. On January 12, UBS analyst Michael Brown, with a 68% accuracy rate, maintained a Neutral rating on BlackRock and raised the price target from $1,180 to $1,218.

BlackRock's stock has shown slight movement, closing at $1,089.54 with a 0.03% rise. The stock fluctuated between $1,073.73 and $1,094 during the trading day. Over the past year, it reached a high of $1,219.94 and a low of $773.74. BlackRock's market capitalization is approximately $168.83 billion, with a trading volume of 730,646 shares on the NYSE.