During the last three months, 15 analysts shared their evaluations of Block SQ, revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 6 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 5 | 5 | 2 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $88.93, a high estimate of $100.00, and a low estimate of $65.00. Marking an increase of 13.29%, the current average surpasses the previous average price target of $78.50.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Block among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Trevor Williams | Jefferies | Raises | Buy | $100.00 | $90.00 |
| Peter Christiansen | Citigroup | Raises | Buy | $86.00 | $76.00 |
| Joseph Vafi | Canaccord Genuity | Raises | Buy | $95.00 | $80.00 |
| Kevin Barker | Piper Sandler | Raises | Overweight | $88.00 | $86.00 |
| Daniel Perlin | RBC Capital | Raises | Outperform | $88.00 | $77.00 |
| Vasundhara Govil | Keefe, Bruyette & Woods | Raises | Market Perform | $78.00 | $74.00 |
| Moshe Katri | Wedbush | Maintains | Outperform | $90.00 | - |
| Andrew Jeffrey | Truist Securities | Raises | Buy | $100.00 | $90.00 |
| Andrew Bauch | Wells Fargo | Announces | Overweight | $95.00 | - |
| Jeff Cantwell | Seaport Global | Announces | Buy | $95.00 | - |
| Jeff Cantwell | Wells Fargo | Raises | Equal-Weight | $65.00 | $55.00 |
| Moshe Katri | Wedbush | Maintains | Outperform | $90.00 | - |
| Mark Palmer | Benchmark | Announces | Buy | $89.00 | - |
| David Chiaverini | Wedbush | Announces | Outperform | $90.00 | - |
| Lance Jessurun | BTIG | Announces | Buy | $85.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Block. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Block compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Block's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Block's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Block analyst ratings.
Unveiling the Story Behind Block
Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2022, Square's payment volume was a little over $200 million.
Financial Milestones: Block's Journey
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Block's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 24.13%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Block's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 3.08%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Block's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.98%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.53%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.32, Block adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: What Are They?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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