Larry Fink, the Chairman and CEO of investment giant BlackRock (BLK), shared his take on the global economy at a recent conference. While he acknowledged the current tensions and tariffs, he noted that things are not as bad as they were in the 1960s. “The world’s fine. There’s a lot of noise,” he said. Indeed, Fink expects 2025 to be bumpy for the markets but advised investors to be ready to buy any big dips.
As a result, Fink believes that “we’re getting set up for a big economic boom,” thanks to the potential of emerging technologies like AI. He believes that these innovations will drive significant growth and become a major catalyst for deflation. In fact, the billionaire thinks that AI will be “transformational” and will have a major impact on industries like data centers and electric vehicles. Fink also noted that BlackRock is investing heavily in AI and data analytics and is even partnering with companies like Microsoft (MSFT) and Nvidia (NVDA) to develop new AI-powered data centers.
Of course, there are short-term challenges to deal with, such as inflation and market volatility, but Fink is confident that consumers and businesses will be able to adapt. In addition, he pointed out that the U.S. has a solid position in global capital markets, which will help it get through future challenges.
Is BLK a Good Stock to Buy Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on BLK stock based on 13 Buys, two Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. After an 18% rally in its share price over the past year, the average BLK price target of $1,179.54 per share implies 23% upside potential.
