Needham Maintains Buy on Block, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mayank Tandon maintains a Buy rating on Block (NYSE:SQ) but lowers the price target from $105 to $80.
August 05, 2024 | 7:17 pm
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Needham analyst Mayank Tandon maintains a Buy rating on Block but lowers the price target from $105 to $80.
The Buy rating suggests continued confidence in Block's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100