During the last three months, 17 analysts shared their evaluations of Block SQ, revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 7 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 0 | 1 | 0 | 0 |
| 2M Ago | 4 | 6 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $88.47, a high estimate of $100.00, and a low estimate of $65.00. This current average reflects an increase of 12.99% from the previous average price target of $78.30.
Investigating Analyst Ratings: An Elaborate Study
In examining recent analyst actions, we gain insights into how financial experts perceive Block. The following summary 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 |
|---|---|---|---|---|---|
| Alex Markgraff | Keybanc | Raises | Overweight | $95.00 | $80.00 |
| David Togut | Evercore ISI Group | Maintains | In-Line | $75.00 | $75.00 |
| 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: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Block. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Block compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Block's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
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.
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.
Block: Delving into Financials
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 revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 24.13%. This indicates 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 is below industry averages, indicating potential 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 lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.98%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Block's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.53%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.32.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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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