BlackRock TCP Capital Shares Decline: The Latest Challenge in Private Credit.

Written by Emily J. Thompson, Senior Investment Analyst

BLK-0.74%

JPM+1.12%

BIZD-1.32%

Source: Barron's

Updated: 21h ago

0mins

Source: Barron's

BlackRock TCP Capital's Expectations: The private-credit fund anticipates a decline in its net asset value for the fourth quarter.
Market Implications: This expected decrease may signal potential concerns within the private credit market.

BLK

$1121.54+Infinity%1D

Analyst Views on BLK

Wall Street analysts forecast BLK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLK is 1336 USD with a low forecast of 1218 USD and a high forecast of 1514 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

12 Analyst Rating

10 Buy

2 Hold

0 Sell

Strong Buy

Current: 1129.910

Low

1218

Averages

1336

High

1514

Current: 1129.910

Low

1218

Averages

1336

High

1514

Freedom Capital

Mikhail Paramonov

Hold

Buy

upgrade

2026-01-23

New

Reason

Freedom Capital

Mikhail Paramonov

Price Target

AI Analysis

2026-01-23

New

upgrade

Hold

Buy

Reason

Freedom Capital analyst Mikhail Paramonov upgraded BlackRock to Buy from Hold with a price target of $1,364, up from $1,255. The firm says the company's Q4 report reinforces its long-term earnings power. BlackRock's revenue growth was driven by strength across base fees, performance fees, and technology services, the analyst tells investors in a research note.

Raymond James

Brian Vaccaro

Outperform

downgrade

$28 -> $26

2026-01-21

Reason

Raymond James

Brian Vaccaro

Price Target

$28 -> $26

2026-01-21

downgrade

Outperform

Reason

Raymond James analyst Brian Vaccaro lowered the firm's price target on Black Rock Coffee to $26 from $28 and keeps an Outperform rating on the shares. Restaurant stocks have sharply outperformed year to date on a January comp rebound, optimism around an easier first-half setup, and significant short covering, despite expectations for mixed Q4 results due to softer demand, the analyst tells investors in a research note. Focus is shifting to early-2026 trends and guidance, with potential support from higher tax refunds and stable employment, balanced by uncertainties around GLP-1 usage, weather effects, and broader macro volatility, the firm says.

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Barclays

NULL -> Overweight

maintain

2026-01-16

Reason

Barclays

Price Target

2026-01-16

maintain

NULL -> Overweight

Reason

Barclays raised the firm's price target on BlackRock to $1,350 from $1,300 and keeps an Overweight rating on the shares. The company reported a Q4 earnings beat and has solid momentum entering 2026, the analyst tells investors in a research note.

Keefe Bruyette

Outperform

maintain

2026-01-16

Reason

Keefe Bruyette

Price Target

2026-01-16

maintain

Outperform

Reason

Keefe Bruyette raised the firm's price target on BlackRock to $1,340 from $1,310 and keeps an Outperform rating on the shares. The quarter is another indicator that the company's scale and diversified product offering are true differentiators, the analyst tells investors in a research note.

About BLK

BlackRock, Inc. is an investment management company. The Company provides a range of investment management and technology services to institutional and retail clients. Its diverse platform of alpha-seeking active, private markets, index and cash management investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds, separate accounts, collective investment funds and other pooled investment vehicles. It also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.