There's still upside momentum in stocks and the market should be higher in a year, BlackRock Chairman and CEO Larry Fink told CNBC on Thursday.
"The market is more fair-priced here," he said in a "Squawk Box" interview, but added that he would "still be long U.S. equities" because he thinks "they will be higher in 12 months."
BlackRock has more than $4 trillion in assets under management.
Moves by central banks around the world have been putting a floor on stock prices, according to Fink, although he said investors shouldn't expect large gains without an improvement in earnings.
The Federal Reserve should also be a factor in investment decisions, he said.
On Wednesday, the central bank has reduced its bond-buying program by another $10 billion to $35 billion a month. Policymakers also held steady near-zero interest rates, which are expected to stay that way until mid-2015.