Barclays Maintains Overweight on Block, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Overweight rating on Block, Inc. (NYSE:SQ) and increased the price target from $95 to $100.
December 05, 2023 | 10:43 am
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Barclays has reaffirmed its Overweight rating on Block, Inc. and raised its price target from $95 to $100, indicating a positive outlook on the company's stock.
The increase in price target by a major financial institution like Barclays typically reflects a positive assessment of the company's future performance and growth potential. This can lead to increased investor confidence and a potential rise in the stock price in the short term.
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RELEVANCE 100