BlackRock saw notable developments, including a 2.65% stock surge on December 22, driven by Morgan Stanley raising its price target to $1,514. This was amplified by the finalization of Global Infrastructure Partners' (part of BlackRock) acquisition of a 49.99% stake in Eni's carbon capture unit on December 24, along with hints of further infrastructure deals. BlackRock also designated Bitcoin as a crucial global investment theme, with its iShares Bitcoin Trust (IBIT) amassing over $70 billion in assets under management, reflecting robust expansion in digital assets.
BlackRock Boosted by Infrastructure Deals, Analyst Upgrades, and Bitcoin as Key Investment Theme