Analyst Boost H&R Block Price Target But Still Cautious On Long-Term Growth: Here's Why
Portfolio Pulse from Lekha Gupta
H&R Block Inc's Q4 FY23 results have led to a boost in its price target by analysts, despite concerns about long-term growth. The company reported earnings of $2.05 per share, beating the consensus estimate of $1.89, and sales of $1.03 billion, also beating the consensus estimate of $1.01 billion. Barrington Research analyst Alexander Paris Jr raised the price target to $44 from $42, while Goldman Sachs analyst George K. Tong reiterated a Sell rating but increased the price target to $32 from $28. HRB shares are currently trading higher by 9% at $38.56.
August 16, 2023 | 6:50 pm
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H&R Block's Q4 FY23 results beat estimates, leading to a boost in its price target by analysts. However, concerns about long-term growth persist.
H&R Block's better-than-expected Q4 FY23 results have led to a positive short-term impact on its stock price, with shares trading higher by 9%. However, analysts have expressed concerns about the company's long-term growth, which could potentially affect its stock price in the future.
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