BTIG Upgrades Block to Buy, Announces $85 Price Target
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Lance Jessurun has upgraded Block (NYSE:SQ) from Neutral to Buy and set a price target of $85. This upgrade suggests a positive outlook for Block's stock performance in the short term.
January 30, 2024 | 12:43 pm
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Block, trading under the ticker SQ, has been upgraded by BTIG from Neutral to Buy with a price target of $85, indicating a bullish stance on the stock's future performance.
Analyst upgrades typically lead to a positive short term reaction in the stock market as they reflect a professional and positive change in outlook towards the company's future earnings and performance. The setting of a price target above the current trading price can also act as a catalyst for stock price increase as it may influence investor perception and valuation models.
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IMPORTANCE 90
RELEVANCE 100