BlackRock received analyst upgrades from JPMorgan and Morgan Stanley on July 16, one day after the asset manager reported July 15 earnings that beat expectations, with JPMorgan raising its target to $1,364 and Morgan Stanley setting the highest Wall Street target at $1,488. The upgrades followed BlackRock's report of $15.34 trillion in assets under management and $191.7 billion in net inflows. Despite the positive analyst calls, BlackRock stock declined between July 15 and July 24, while trader positioning data showed the put-call ratio shifting from 1.00 to 0.98, indicating a slight tilt toward upside bets among positions held overnight. The divergence between analyst optimism and price action reflects institutional money flow that remains in negative territory, with the Chaikin Money Flow indicator improving from -0.28 to -0.13 but still below the zero threshold that would signal institutional buying control.
JPMorgan and Morgan Stanley Raise BlackRock Targets on July 16
JPMorgan upgraded BlackRock from Neutral to Overweight on July 16 and lifted its price target 17% to $1,364. Morgan Stanley raised its target to $1,488 on the same day, the highest on Wall Street, after cutting it to $1,383 on July 14. BMO Capital Markets reiterated Buy at $1,300 on July 17, while Keefe, Bruyette and Woods opened coverage at the same target on July 16. None of those targets has been cut since the upgrades.
![Detailed List of Analyst Forecasts]()
Put-Call Ratio Shifts to 0.98 by July 24
The put-call ratio for BlackRock stock sat at 1.00 on July 15, indicating an even split between upside and downside bets. By July 24, the ratio slipped to 0.98, tipping the balance toward bets on a rising share price. This measure counts only positions traders hold after the market closes. Short-term traders showed less conviction, with the daily put-call ratio climbing from roughly 0.70 to 0.83 between July 15 and July 24.
![BlackRock Put-Call Ratio]()
Chaikin Money Flow Improves from -0.28 to -0.13
BlackRock's Chaikin Money Flow indicator sat near -0.28 on July 15 and recovered to -0.13 by July 24. Readings below zero indicate institutional sellers control the stock. The indicator trended higher as the BlackRock stock price fell between July 15 and July 24.
![BlackRock Chaikin Money Flow]()
BlackRock Reports $15.34 Trillion AUM on July 15
BlackRock reported $15.34 trillion in assets under management on July 15, with revenue up 31% to $7.08 billion and net inflows of $191.7 billion. Institutional clients supplied approximately $2.34 billion of those inflows, meaning nearly all growth came from ETFs and individual investors. The company runs the largest spot Bitcoin ETF at roughly 735,000 BTC. Spot Bitcoin ETFs shed $225 million in one session in late July, with BlackRock's IBIT accounting for $202 million of the outflow.
![BlackRock Price Action]()
DTCC Tokenization Pilot Launches in October
BlackRock joined a DTCC pilot on tokenized collateral alongside JPMorgan and Goldman Sachs, covering Russell 1000 shares and Treasuries, with a formal launch scheduled for October. The company is also leading a debt sale targeting at least $12 billion for an El Paso data center project backed by Meta Platforms. BlackRock stock gained 7.44% over the past month but remains lower for the year, while Morgan Stanley, Goldman Sachs, and Citigroup each gained more than 20%.
![BlackRock Monthly Share Performance]()
FAQ
What price targets did JPMorgan and Morgan Stanley set for BlackRock on July 16?
JPMorgan set a price target of $1,364 after upgrading BlackRock from Neutral to Overweight on July 16. Morgan Stanley raised its target to $1,488 on the same day, the highest on Wall Street.
What assets under management did BlackRock report on July 15?
BlackRock reported $15.34 trillion in assets under management on July 15, with revenue up 31% to $7.08 billion and net inflows of $191.7 billion. Institutional inflows accounted for approximately $2.34 billion of the total.
When does the DTCC tokenization pilot involving BlackRock launch?
The DTCC pilot on tokenized collateral, which includes BlackRock alongside JPMorgan and Goldman Sachs and covers Russell 1000 shares and Treasuries, has a formal launch scheduled for October.
