Block Inc. is a hodgepodge of businesses, but better synergies between them could send the stock soaring. At least, that’s the view of BTIG analyst Andrew Harte, who upgraded Block’s stock SQ, -0.32% to buy from neutral Tuesday after recently assuming coverage of the name. He has a new $85 price target on shares that’s about 22% above current levels. “Our core investment thesis is focused on SQ’s attractive position between the consumer and merchant with its Cash App and Square ecosystems and potential for ...

Chainarong Prasertthai Introduction Block (NYSE:SQ). "A large solid piece of hard material, especially rock, stone, or wood, typically with flat surfaces on each side." Or at least that's the definition according to Oxford Languages via the first result from Google. The Block we're interested in on the other hand is a company that most will recognize as the owners of the largely successful Cash App - although their original business goal was to make credit card readers utilized by phones. But that's not all ...

DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Today Block, Inc. (NYSE: SQ) announced the Sustainable Banking Initiative, a $25 million investment into helping decarbonize the economy and promote sustainability through community lending, alongside the company’s first Commerce and Climate Survey. Through deposits into Amalgamated Bank, National Cooperative Bank, and Community Bank of the Bay’s Bay Area Green Fund, Block’s $25 million commitment directly connects to the company’s purpose of economic ...

Many high-flying tech-focused enterprises that benefited tremendously from the coronavirus pandemic have since fallen back to Earth. Block (SQ 3.60%) is a great example. Even more discouraging, shares have lost money in the last five years, which is extremely discouraging.For investors with a long-term mindset, this performance just means now is a good time to reassess the company's situation in terms of its long-term potential. Should investors buy, sell, or hold this fintech stock?Block management is focu ...

Block (SQ) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this mobile payments services provider have returned -21.4% over the past month versus the Zacks S&P 500 composite's +2.5% change. The Zacks Technology Services industry, to which Block belongs, has lost 1.9% over this period. Now the key question is: Where could the stock be headed in the near term?While media ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Block (SQ) , which belongs to the Zacks Technology Services industry.This mobile payments services provider has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 18.21%.For the last reported quarter, Block came out with earnings of $0.55 per share versus th ...

PM Images Introduction I wrote a Block, Inc. (NYSE:SQ) piece a few months ago, pointing out that the stock had sold off substantially, to a point where I felt that the bottom was near: Following its huge selloff back to its Covid lows, Block stock now trades at a wide margin of safety with substantial upside potential as it trades near a major support level. Perhaps, this could be the bottom for the stock. (Block: Back To 'Square' One). Not long later, the stock did indeed bottom, rallying 100% from its l ...

To say that shares of Block (SQ -2.05%) had a monumental finish to 2023 would be an understatement. From the start of November to the end of the year, the stock jumped 89%. It has cooled off a bit as the calendar turned to 2024, but optimism is taking over.While it's easy to get caught up in recent gains, it's always best to take a step back, and focus on the factors that really matter for long-term investors.So, is this fintech stock a buy right now? Here's what you need to know.Taking care of customersIn ...

Shares of fintech company Block (SQ -1.75%) soared 22% in December according to data provided by S&P Global Market Intelligence. There wasn't specific news sparking the jump in price, but many stocks benefited from an overall market rally in reaction to the Federal Reserve's announcement that it would cut interest rates this year.How this benefits BlockBlock, formerly Square, is a fintech company that operates what it calls two "ecosystems." Its original seller's business, which it still calls Square, marke ...

FotografieLinkWith Jack Dorsey back in the hot seat with Block (NYSE:SQ), the market appears to be very optimistic on his plans to turn the company’s growth around and reach the Rule of 40 by 2026. In addition to striving for stronger topline growth, Dorsey outlined a number of cost-cutting measures that will be taking place, including cutting and capping staff at 12,000, limiting stock-based compensation, cutting overhead personnel, and leveraging AI across the sales & marketing and development process ...