Block SQ underwent analysis by 15 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 6 | 0 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 5 | 2 | 0 | 0 | 0 |
| 3M Ago | 2 | 3 | 0 | 1 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $94.27, along with a high estimate of $106.00 and a low estimate of $60.00. This current average reflects an increase of 2.07% from the previous average price target of $92.36.
Understanding Analyst Ratings: A Comprehensive Breakdown
The analysis of recent analyst actions sheds light on the perception of Block by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| James Friedman | Susquehanna | Maintains | Positive | $100.00 | $100.00 |
| Will Nance | Goldman Sachs | Announces | Buy | $80.00 | - |
| Peter Christiansen | Citigroup | Raises | Buy | $90.00 | $86.00 |
| Moshe Katri | Wedbush | Maintains | Outperform | $90.00 | $90.00 |
| Mark Palmer | Benchmark | Maintains | Buy | $99.00 | $99.00 |
| Joseph Vafi | Canaccord Genuity | Maintains | Buy | $95.00 | $95.00 |
| Bryan Bergin | TD Cowen | Raises | Buy | $92.00 | $90.00 |
| Mayank Tandon | Needham | Raises | Buy | $105.00 | $95.00 |
| David Koning | Baird | Raises | Outperform | $100.00 | $98.00 |
| James Friedman | Susquehanna | Maintains | Positive | $100.00 | $100.00 |
| David Koning | Baird | Raises | Outperform | $98.00 | $95.00 |
| Darrin Peller | Wolfe Research | Raises | Outperform | $100.00 | $95.00 |
| Dan Dolev | Mizuho | Raises | Buy | $106.00 | $99.00 |
| Mark Palmer | Benchmark | Raises | Buy | $99.00 | $89.00 |
| James Faucette | Morgan Stanley | Lowers | Underweight | $60.00 | $62.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Block. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Block compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Block's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Block's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Block analyst ratings.
Discovering Block: A Closer Look
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 2023, Square's payment volume was a little over $200 million.
Financial Insights: Block
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Block's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 19.38%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Block's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 7.92%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Block's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.51%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Block's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.35%, the company showcases efficient use of assets and strong financial health.
Debt Management: Block's debt-to-equity ratio is below the industry average at 0.29, reflecting a lower dependency on debt financing and a more conservative financial approach.
How Are Analyst Ratings Determined?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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