Canaccord Genuity Maintains Buy on Block, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi maintains a 'Buy' rating on Block (NYSE:SQ), but has lowered the price target from $90 to $80.
November 03, 2023 | 8:58 am
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NEUTRAL IMPACT
Block's price target has been lowered from $90 to $80 by Canaccord Genuity, though the 'Buy' rating is maintained.
The news directly pertains to Block (SQ) as the company's price target has been lowered by Canaccord Genuity. However, the 'Buy' rating is maintained, indicating that the analyst still sees potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100