BlackRock (BLK) is back in focus after its spot Bitcoin ETF recorded its largest single day inflow in nearly three months, as institutional interest in crypto linked funds picked up.

See our latest analysis for BlackRock.

At a share price of $1,085.06, BlackRock’s recent 1 day share price return of 1.38% comes after a 90 day share price return decline of 6.96%, while its 1 year total shareholder return of 9.34% and 5 year total shareholder return of 59.56% point to momentum that has built over a longer holding period, even as crypto related headlines, new Bitcoin ETF coverage from major banks, and fund reorganization moves keep short term sentiment shifting.

If BlackRock’s crypto and ETF story has your attention, it could be a moment to broaden your search and check out fast growing stocks with high insider ownership for other ideas catching investors’ eyes.

With BlackRock trading at $1,085.06 and sitting at a 21.6% discount to the average analyst price target of $1,319.33, the key question is whether this reflects undervaluation or if the market is already pricing in future growth potential.

With BlackRock at a last close of $1,085.06 versus a narrative fair value of about $1,319.33, the valuation case leans toward meaningful upside and puts its earnings engine under the spotlight.

BlackRock’s expansion into private markets through acquisitions like HPS Investment Partners, GIP, and ElmTree positions the company to benefit from the secular shift of institutional assets into alternatives and infrastructure, supporting higher-fee revenue streams and long-term earnings potential.

Read the complete narrative.

Want to see what sits behind that valuation gap? The narrative focuses on compounding revenue, wider margins, and an earnings profile tied to a lower future P/E. Curious which assumptions really move the fair value needle here?

Result: Fair Value of $1,319.33 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, this depends on fee pressure in core ETFs not intensifying and on complex private market acquisitions avoiding costly integration setbacks that could reduce margins.

Find out about the key risks to this BlackRock narrative.

The narrative fair value hints at upside, but the P/E picture is more cautious. BlackRock trades on a 27.6x P/E, while our fair ratio sits closer to 19.6x, and peers average 46.1x. That mix of premium to fair ratio yet discount to peers raises a simple question: is this price more risk buffer or optimism?