A Closer Look at 10 Analyst Recommendations For Block
Portfolio Pulse from Benzinga Insights
Block (NYSE:SQ) has received mixed analyst ratings over the past three months, with 10 analysts offering evaluations. The average 12-month price target is $83.4, a 9.49% decrease from the previous $92.14. Recent actions include ratings and price target adjustments by analysts from Wedbush, BTIG, Mizuho, BMO Capital, Barclays, CLSA, Piper Sandler, RBC Capital, Goldman Sachs, and Canaccord Genuity. Block's financial performance shows a revenue growth rate of 24.4% as of September 30, 2023, but it lags in net margin and ROE compared to industry averages. Its debt-to-equity ratio is below industry norms, indicating a sound financial structure.
January 30, 2024 | 1:00 pm
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Block has received a range of analyst ratings with a downward revision in the average price target to $83.4. The company shows strong revenue growth but underperforms in profitability and efficiency metrics.
The mixed analyst ratings and the downward revision in price targets suggest uncertainty, which could lead to a neutral short-term impact on Block's stock price. The strong revenue growth is positive, but concerns about profitability and efficiency could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100