This Block catalyst could send the stock soaring 20%, says analyst

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 ...