Mizuho Maintains Buy on Block, Raises Price Target to $99
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Dan Dolev has reaffirmed a Buy rating on Block, Inc. (formerly known as Square, Inc.) and increased the price target for the company's stock from $90 to $99. This adjustment suggests a positive outlook on the company's future performance and potential for stock price appreciation.
December 12, 2023 | 12:50 pm
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Mizuho analyst Dan Dolev has maintained a Buy rating on Block, Inc. and raised the price target from $90 to $99, indicating a positive sentiment towards the company's stock and potential for growth.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's growth prospects and financial health. This can often lead to increased investor confidence and a potential short-term rise in the stock price, as market participants may adjust their valuations based on the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100