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 $83.18, down 0.74% from the previous day, and has increased 29.16% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.07 percentage points. Block stock is currently +114.11% from its 52-week low of $38.85, and -4.96% from its 52-week high of $87.52.
At the moment, there are 615.69M shares of SQ outstanding. The market value of SQ is $51.21B. In the past 24 hours, 5.72M 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 22 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.
Joseph Vafi, a top 3% analyst from Canaccord Genuity maintains SQ with a strong buy rating and raises their SQ price target from $80.00 to $95.00, on Feb 26, 2024.
Kevin Barker, a top 10% analyst from Piper Sandler reiterates SQ with a strong buy rating and raises their SQ price target from $86.00 to $88.00, on Feb 23, 2024.
Piper Sandler's Kevin Barker raised their price target on Block (NYSE: SQ) by 2.3% from $86 to $88 on 2024/02/23. The analyst reiterated their Strong Buy rating on the stock.
The company's operating beat was driven by operating income and adjusted EBITDA, with revenue only a little lighter than expected because Gross Payment Volume within Cash App slowed, the analyst said to sum up Block's Q4 and FY 2023 print, released on 2024/02/22.
The stock should rally after management guided for better operating margins, Barker forecasted.
Block reported:
For Q4 2023:
For FY 2023:
Management guided:
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.”
Daniel Perlin, a bottom 3% analyst from RBC Capital maintains SQ with a buy rating and raises their SQ price target from $77.00 to $88.00, on Feb 23, 2024.
Vasundhara Govil, a bottom 45% analyst from Keefe, Bruyette & Woods maintains SQ with a hold rating and raises their SQ price target from $74.00 to $78.00, on Feb 23, 2024.
Moshe Katri, a top 11% 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.
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 131.83%.
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 17.21%.
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.
Chrysty Esperanza, Counsel Lead of SQ, was the latest SQ insider to sell. They sold $1,225,275.00 worth of SQ stock on Mar 13, 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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