Citigroup Maintains Buy on Block, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Peter Christiansen has maintained a Buy rating on Block (NYSE:SQ) and increased the price target from $86 to $90.
May 06, 2024 | 6:34 pm
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POSITIVE IMPACT
Citigroup has reaffirmed its Buy rating on Block and raised the price target from $86 to $90.
The upgrade in price target by a reputable analyst like Peter Christiansen suggests a positive outlook on Block's stock, likely due to favorable market conditions or company performance. This endorsement can boost investor confidence and potentially lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100