Expert Outlook: Block Through The Eyes Of 12 Analysts
Portfolio Pulse from Benzinga Insights
In the past three months, 12 analysts have provided ratings for Block (NYSE:SQ), showing a range of opinions from bullish to bearish. The average 12-month price target is $87, with a high of $100 and a low of $55. Analysts have lowered the average price target by 5.34%. Recent actions include both downgrades and upgrades, reflecting mixed sentiment. Block's financial performance shows revenue growth but challenges in profitability and asset utilization.
August 27, 2024 | 2:01 pm
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Block (NYSE:SQ) has received mixed analyst ratings, with a recent decrease in the average price target by 5.34%. Analysts have varied opinions, with some downgrading and others upgrading their ratings. The company's financials show revenue growth but face challenges in profitability and asset utilization.
The mixed analyst ratings and recent decrease in the average price target suggest uncertainty in the short-term outlook for Block. While there is revenue growth, the challenges in profitability and asset utilization may weigh on investor sentiment. The varied analyst actions, including both downgrades and upgrades, indicate a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100