Across the recent three months, 15 analysts have shared their insights on Block SQ, expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 7 | 4 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 1 | 1 | 0 |
| 2M Ago | 3 | 2 | 3 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $99.53, a high estimate of $120.00, and a low estimate of $65.00. This upward trend is apparent, with the current average reflecting a 15.85% increase from the previous average price target of $85.91.
Exploring Analyst Ratings: An In-Depth Overview
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 |
|---|---|---|---|---|---|
| John Davis | Raymond James | Announces | Outperform | $115.00 | - |
| Rayna Kumar | Oppenheimer | Announces | Outperform | $115.00 | - |
| James Faucette | Morgan Stanley | Raises | Underweight | $65.00 | $60.00 |
| Ramsey El-Assal | Barclays | Raises | Overweight | $112.00 | $100.00 |
| Paul Golding | Macquarie | Raises | Outperform | $110.00 | $100.00 |
| Vasundhara Govil | Keefe, Bruyette & Woods | Raises | Market Perform | $105.00 | $80.00 |
| Will Nance | Goldman Sachs | Raises | Buy | $102.00 | $87.00 |
| Harshita Rawat | Bernstein | Raises | Outperform | $120.00 | $90.00 |
| Rufus Hone | BMO Capital | Raises | Market Perform | $100.00 | $94.00 |
| Alex Faure | Exane BNP Paribas | Announces | Neutral | $88.00 | - |
| Joseph Vafi | Canaccord Genuity | Raises | Buy | $120.00 | $95.00 |
| Arvind Ramnani | Piper Sandler | Announces | Overweight | $83.00 | - |
| Vasundhara Govil | Keefe, Bruyette & Woods | Raises | Market Perform | $80.00 | $71.00 |
| Mayank Tandon | Needham | Raises | Buy | $90.00 | $80.00 |
| Daniel Perlin | RBC Capital | Maintains | Outperform | $88.00 | $88.00 |
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 unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Block compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing 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.
All You Need to Know About 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 2023, Square's payment volume was a little over $200 million.
Block: A Financial Overview
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Block's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 6.38%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Block's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 4.75%, 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 1.45%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Block's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.77%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.37, Block adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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