Piper Sandler Maintains Overweight on Block, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kevin Barker maintains an Overweight rating on Block (NYSE:SQ) but lowers the price target from $83 to $77.
September 29, 2023 | 1:44 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Piper Sandler has lowered the price target for Block (NYSE:SQ) from $83 to $77, while maintaining an Overweight rating.
The lowering of the price target by Piper Sandler could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term. However, the maintained Overweight rating indicates that the analyst still sees potential upside in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100