Cramer Backs BlackRock as Citi Raises Target and GIP Eyes $40 B Deal

BlackRock, Inc. (NYSE:BLK) is one of Jim Cramer’s Recession-Proof Stock Picks.

The stock captures Cramer’s attention amid a price target boost and GIP’s negotiation to take over Aligned Data Centers for $40 billion.

Cramer Backs BlackRock as Citi Raises Target and GIP Eyes $40 B Deal

On September 29, 2025, the company’s price target was boosted from $1,200 to $1,350 by Citi. The analyst also reiterated the Buy rating on the stock, indicating the stock’s future growth in value.

BlackRock, Inc. (NYSE:BLK) takes up second place in CNBC’s list of Jim Cramer’s top 10 things to watch in the stock market. The primary reason for the entry was the company’s negotiation to acquire Aligned Data Centers for approximately $40 billion, through Global Infrastructure Partners. The acquisition, upon its execution, will strengthen the company’s position in the AI market.

In addition to being Jim Cramer’s choice, BlackRock, Inc. (NYSE:BLK) makes an entry into our list with a strong institutional interest shown by 58 currently invested in the stock.

One of the world’s largest asset managers, BlackRock, Inc. (NYSE:BLK) provides a comprehensive range of investment, advisory, and risk management solutions, including iShares ETFs and the Aladdin technology platform. The company was founded in 1988 and governs its operations from its headquarters in New York.

While we acknowledge the risk and potential of BLK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BLK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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