What the Options Market Tells Us About Block
Portfolio Pulse from Benzinga Insights
Options market analysis for Block (NYSE:SQ) shows a bullish sentiment with 58% of investors expecting a rise. Trades include 12 puts and 12 calls, with a price target range from $47.5 to $95. Block's current trading volume is 6,364,428, with a recent price increase of 4.45% to $72.56. Analysts have set an average target price of $98.2, with ratings ranging from Buy to Outperform. The options market is eyeing a significant price window, indicating investor confidence in Block's future performance.
May 06, 2024 | 5:01 pm
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Block (NYSE:SQ) shows bullish sentiment in the options market, with a current price increase to $72.56 and analysts setting a high target price of $98.2.
The bullish sentiment in the options market, combined with a recent price increase and positive analyst ratings, suggests a strong short-term outlook for Block. The significant trading volume and the range of target prices from analysts indicate a high level of investor interest and confidence in the company's future performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100