Stephens & Co. Maintains Overweight on Block, Lowers Price Target to $80
Portfolio Pulse from jenniferd'souza@benzinga.com
Stephens & Co. analyst Charles Nabhan maintains an Overweight rating on Block (NYSE:SQ) but lowers the price target from $90 to $80.

August 04, 2023 | 3:48 pm
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Stephens & Co. maintains an Overweight rating on Block but lowers the price target from $90 to $80.
The lowering of the price target by Stephens & Co. indicates a potential decrease in the short-term value of Block's stock. However, the maintained Overweight rating suggests that the company is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100