Block's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish sentiment among traders towards Block (NYSE:SQ), with 61% showing bearish tendencies in recent options trades. Despite this, the projected price window for Block ranges from $55.0 to $130.0. The company, known for its payment services and Cash App, has seen a slight increase in stock price to $79.3. Analysts have mixed ratings on Block, with an average target price of $91.0, indicating potential growth.
March 04, 2024 | 4:17 pm
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Bearish options trading sentiment with a price target range of $55-$130. Analysts have mixed ratings but average target price suggests growth to $91.
The bearish sentiment in options trading is contrasted by the analysts' optimistic target prices, suggesting that while short-term sentiment may be negative, the long-term outlook remains positive. This discrepancy could lead to short-term volatility but potential long-term growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100