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https://i-invdn-com.investing.com/news/LYNXNPEC260QO_M.jpgCiti walked away with increased confidence in the company’s potential for cyclical and structural growth. According to the firm, the emphasis was on BlackRock’s ability to provide a one-stop solution as a service for clients’ investment management and fintech needs, facilitating scalable growth.
Citi favors the company’s long-term prospects, recognizing its diverse growth opportunities, scale, and product superiority. This, the bank anticipates, will ensure continuous growth across cycles. It reiterated the Buy rating and $750 price target on the stock.
According to Deutsche Bank, Investor Day reinforced its faith in the company’s organic asset and revenue growth within the traditional asset management industry. Emphasizing the uniqueness of their platform and client solution approach, management plans to leverage its wide array of asset management products and tech services to advance “whole portfolio” solutions for institutions and financial advisors/retail investors. The firm maintained its buy rating and $777 price target.