Wedbush Upgrades Block to Outperform, Announces $90 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini has upgraded Block (NYSE:SQ) from Neutral to Outperform and set a price target of $90. This upgrade suggests a positive outlook on Block's future performance.
January 30, 2024 | 12:57 pm
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Block, Inc. (SQ) has been upgraded by Wedbush analyst David Chiaverini from Neutral to Outperform with a new price target of $90, indicating a bullish stance on the company's stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a professional and positive change in sentiment towards the company's future earnings potential and overall performance. The new price target of $90 by Wedbush suggests a significant upside from the current trading price, which can attract investors and drive up the stock price in the short term.
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