UBS Maintains Buy on Block, Lowers Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Rayna Kumar maintains a Buy rating on Block (NYSE:SQ) but lowers the price target from $100 to $92.
August 27, 2024 | 1:08 pm
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UBS analyst Rayna Kumar maintains a Buy rating on Block but lowers the price target from $100 to $92, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Block's performance, but the lowered price target indicates a slightly reduced expectation for its stock price. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100