# TD Cowen Upgrades BlackRock Shares to Buy, Raises Target to $1,405 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/35927 Published: 2026-10-20T20:00:39.000Z Updated: 2026-10-20T20:00:39.000Z Section: Investing > Separately, BlackRock’s digital-asset products drew $7.907 billion in net inflows during the quarter ended Sept. 30. TD Cowen upgraded BlackRock shares to Buy from Hold on Oct. 20 and lifted its price target to $1,405 after the asset manager posted $205.466 billion in third-quarter net inflows. The previous price target was $1,212. The rating applies to BlackRock shares and reflects an outlook for the broader company. Separately, BlackRock’s digital-asset products recorded $7.907 billion in net inflows during the quarter ended Sept. 30. The category held [$79.632 billion in assets]() at quarter-end. Changes in market value added $22.889 billion to the category’s assets during the quarter, more than the amount added through net inflows. The digital-asset products generated $39 million in base fees and securities-lending revenue, compared with $6.036 billion across BlackRock. Firmwide net inflows of $205.466 billion cover the quarter. BlackRock’s $15.488 trillion in total assets under management was measured at Sept. 30. BlackRock’s iShares Bitcoin Trust ETF seeks to reflect the price performance of Bitcoin (BTC). The digital-asset totals cover the product category, rather than a separate quarterly breakdown for that fund. ## Links in this article - [$79.632 billion in assets](https://www.tokenpost.com/news/business/31890)