BlackRock Expected to Exit Year Ahead of Several of its 2030 Targets, UBS Says

12:48 PM EDT, 10/15/2026 (MT Newswires) -- BlackRock (BLK) is expected to exit the year ahead of several of its 2030 targets, with accelerating momentum across private markets and ETFs providing a strong setup in 2027, UBS said in a Wednesday research note. The company's Q3 base fee growth of 11% beat expectations, with management's tone suggesting sustained growth above 6% to 8%, versus UBS' estimates of 11% in Q4 and 8% in 2027. Additionally, as higher-fee products like precision, active ETFs, systematics, private markets fundraising, and Aperio grow, UBS expects the mix to provide ongoing support and modest upside pressure for fee rates. UBS raised its 2027 and 2028 earnings-per-share estimates by 1.8% and 1.9% to $63.40 and $72.35 on durable base fee growth. UBS increased its price target to $1,300 from $1,277 and maintained its buy rating. Price: 1104.12, Change: +30.33, Percent Change: +2.82