Big Larry Keeps On Truckin’.
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Moved Higher, Can Go Higher Still
Back in early September 2023 we wrote up BlackRock $BLK earnings and pointed to our Accumulate rating - the stock was at $674 at the time. At the time of writing, barely four months later, BLK now trades at $792, a 17.5% move up for this most stable of companies. Not too shabby. Well, BLK printed its Q4 earnings last week and whilst the 10-K isn’t yet available - so no cashflow data as yet - we thought it time enough to update on the company and the stock outlook as we see it.
Below we walk through company financial fundamentals, valuation multiples, and a refreshed technical analysis of the stock.
Let’s get to work.