Blackrock stock price forecast sector rotation in favor of financial

Sector rotation in favor of financial services adds strength to BlackRock stock price forecast, potentially attracting more long-term institutional capital inflows. The most recent round of filings revealed several hedge funds and the largest university endowment in the world all piling into BlackRock 's iShares Bitcoin Trust (NASDAQ: IBIT) . The exchange-traded fund (ETF) tracks the spot price of Bitcoin (CRYPTO: BTC) , offering an easy way for investment funds to gain exposure to the crypto asset class. Exclusive news, data and analytics for financial market professionals Latest market data indicates BlackRock stock price forecast is favoring upside momentum, as institutional investors increase positions amid strong Q2 earnings. Valuation metrics remain attractive with a price-to-earnings near 21, compared to sector average of