Block is a software infrastructure company located in California, United States, which is part of the Technology sector, and is traded under the ticker SQ on the NYSE exchange.
Block stock last closed at $79.47, up 1.34% from the previous day, and has increased 3.57% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.33 percentage points. Block stock is currently +104.56% from its 52-week low of $38.85, and -4.59% from its 52-week high of $83.29.
At the moment, there are 615.69M shares of SQ outstanding. The market value of SQ is $48.93B. In the past 24 hours, 11.6M SQ shares were traded.
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After you have identified the best place to buy Block stock, it's very important to analyze their stock before you invest, so you actually understand the risk and opportunity.
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on SQ's stock page.
You can use many financial metrics, analyses, models, and charts to gauge SQ's true value.
Using relative valuations methods:
You can do additional valuation research on SQ's stock here.
Out of 23 Wall Street analysts who give ratings on SQ, the consensus analyst rating on Block is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Moshe Katri, a top 12% analyst from Wedbush reiterates SQ with a buy rating and maintains their SQ price target from $90.00 to $90.00, on Feb 23, 2024.
Andrew Jeffrey, a top 3% analyst from Truist Securities maintains SQ with a strong buy rating and raises their SQ price target from $90.00 to $100.00, on Feb 23, 2024.
Andrew Bauch, a top 26% analyst from Wells Fargo upgrades SQ to a strong buy rating and announces their SQ price target of $95.00, on Feb 23, 2024.
Jeff Cantwell, a bottom 1% analyst from Seaport Global upgrades SQ to a buy rating and announces their SQ price target of $95.00, on Feb 23, 2024.
Seaport Global's Jeff Cantwell upgraded their rating on Block (NYSE: SQ) from Hold to Buy on 2024/02/23. The analyst also announced a $95 price target.
The company's efforts to streamline itself organizationally, sharpen its focus on two key businesses, Square and Cash App, and focus on driving profitability "have been impressive, and there will be more to see," the analyst wrote in a note assessing Block's Q4 and FY 2023 print, released on 2024/02/22.
Block's Q4 financial results "demonstrated excellence in execution," Cantwell said, adding that they see "ample opportunity for further operating leverage from here."
That being the case, the stock's risk/reward is reasonable with room for upside, the analyst concluded.
For Q4 2023:
For FY 2023:
For Q1 2024:
For FY 2024:
Chairman & co-founder Jack Dorsey commented: “This past year, we intentionally made decisions that impacted our actives growth, and that we believe allows us to move faster on overall profitable growth as we make progress towards Rule of 40.
“For example, we deprioritized global expansion, implemented tighter controls to improve risk loss, and introduced deliberate friction to the onboarding process that slowed actives growth some, but ultimately allowed customers to adopt banking products earlier and receive higher limits.
“Our ability to increase engagement in this way is evidenced by recent Cash App Card growth: monthly Cash App Card actives grew 20% year over year in December—more than 2x the growth rate of total monthly actives.
“We believe this strategy will enable us to build the largest network in the long run, with a highly engaged customer base using Cash App as their primary banking solution.”
Mark Palmer, a top 13% analyst from Benchmark initiates coverage on SQ with a strong buy rating and announces their SQ price target of $89.00, on Feb 13, 2024.
You can dive deeper into what analysts are projecting on the Block stock forecast page.
Last year, SQ earnings were $9.77M. Over the past 4 year, SQ's earnings have grown by -61.17% per year. This was slower than the Software - Infrastructure industry average of 144.68%.
Last year, SQ revenue was $21.92B. In the last five year, SQ's revenue has grown by 46.05% per year. This was faster than the Software - Infrastructure industry average of 17.19%.
Find out more about SQ's earnings and revenue performance here.
In the last year, executives and large shareholders at SQ have sold more shares than they have bought.
Amrita Ahuja, CFO COO of SQ, was the latest SQ insider to sell. They sold $272,472.71 worth of SQ stock on Feb 22, 2024.
Learn more about who owns SQ stock here.
No, Block doesn't provide an income stream by paying out dividends.
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