RBC Capital Maintains Outperform on Block, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Daniel Perlin maintains an Outperform rating on Block (NYSE:SQ) but has lowered the price target from $90 to $77.
November 03, 2023 | 6:32 pm
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RBC Capital has maintained an Outperform rating on Block but lowered the price target from $90 to $77.
The news is directly related to Block (NYSE:SQ) as RBC Capital has maintained an Outperform rating but lowered the price target. This could indicate a potential decrease in the stock's value in the short term, but the Outperform rating suggests that the stock is still expected to outperform the market. Therefore, the impact on the stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100