A Glimpse Into The Expert Outlook On Block Through 17 Analysts
Portfolio Pulse from Benzinga Insights
Recent evaluations by 17 analysts on Block (NYSE:SQ) show diverse outlooks, ranging from bullish to bearish. The average 12-month price target for SQ is now $88.47, up 12.99% from the previous $78.30, with high estimates reaching $100.00. Analyst actions include upgrades and maintenance of ratings, reflecting optimism in Block's performance and market position. Despite a market cap below industry averages, Block's revenue growth stands out at 24.13%, though it faces challenges in profitability and returns metrics.
March 27, 2024 | 1:00 pm
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Block (SQ) receives diverse analyst ratings with an updated average 12-month price target of $88.47, indicating a positive outlook. The company's strong revenue growth is highlighted, though profitability and returns metrics pose challenges.
The increase in the average price target to $88.47, along with several analysts raising their price targets and maintaining positive ratings, suggests a bullish sentiment towards Block. The company's significant revenue growth further supports this positive outlook, although concerns about profitability and return metrics may temper some of the enthusiasm. The overall analysis indicates a likely short-term positive impact on SQ's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100