With a short percentage of shares outstanding of 1.30%, BlackRock, Inc. (NYSE:BLK) is among the 7 Best Crypto Exchange Stocks to Buy Following Bitcoin’s Recovery.

On June 11, BlackRock, Inc. (NYSE:BLK) reportedly placed an order to purchase at least $5 billion worth of shares in SpaceX, according to The Wall Street Journal. The strong interest comes amid exceptionally high demand for the private aerospace company’s shares, with individual investors requesting more than $70 billion in aggregate and significant participation from sovereign wealth funds and family offices. BlackRock’s substantial commitment highlights the firm’s ability to access sought-after private market opportunities and reflects its continued focus on expanding investment offerings across both public and private asset classes.

On June 8, Evercore ISI lowered the firm’s price target on BlackRock, Inc. (NYSE:BLK) to $1,140 from $1,220 while maintaining an Outperform rating on the shares. Despite the reduced target, the continued Outperform rating signals confidence in BlackRock’s long-term earnings power, market position, and ability to generate value for shareholders.

Founded in 1988 and headquartered in New York City, BlackRock, Inc. (NYSE:BLK) provides global investment, advisory, and risk management solutions. It also manages digital asset portfolios and is the sponsor of the Bitcoin exchange-traded fund, iShares Bitcoin Trust ETF (IBIT), allowing investors to gain exposure to Bitcoin without managing the underlying crypto directly.

While we acknowledge the potential of BLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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