Wells Fargo Upgrades Block to Overweight, Announces $95 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch upgrades Block (NYSE:SQ) from Equal-Weight to Overweight and sets a new price target of $95.
February 23, 2024 | 11:58 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Block upgraded by Wells Fargo to Overweight with a $95 price target.
Analyst upgrades typically lead to positive short-term price movements as they reflect a positive outlook on the company's future performance. The upgrade from Equal-Weight to Overweight suggests a strong confidence in Block's potential for growth, and the new price target of $95 indicates a significant upside from the current trading price. This is likely to attract investor interest and could drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100