Block
About: 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.
Employees: 12,985
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 13 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 24 [Q2] → 24 (+0) [Q3]
3% less capital invested
Capital invested by funds: $26B [Q2] → $25.2B (-$809M) [Q3]
5% less repeat investments, than reductions
Existing positions increased: 330 | Existing positions reduced: 348
2% less funds holding
Funds holding: 977 [Q2] → 960 (-17) [Q3]
5.08% less ownership
Funds ownership: 72.58% [Q2] → 67.51% (-5.08%) [Q3]
14% less first-time investments, than exits
New positions opened: 108 | Existing positions closed: 125
17% less call options, than puts
Call options by funds: $1.28B | Put options by funds: $1.53B
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$65
28%
downside
Avg. target
$100
10%
upside
High target
$120
32%
upside
13 analyst ratings
9 positive
69%
3 neutral
23%
1 negative
8%
Oppenheimer Rayna Kumar 79% 1-year accuracy 15 / 19 met price target | 27%upside $115 | Outperform Upgraded | 19 Dec 2024 |
Morgan Stanley James Faucette 73% 1-year accuracy 19 / 26 met price target | 28%downside $65 | Underweight Maintained | 18 Dec 2024 |
Barclays Ramsey El-Assal 67% 1-year accuracy 36 / 54 met price target | 23%upside $112 | Overweight Maintained | 17 Dec 2024 |
Macquarie Paul Golding 78% 1-year accuracy 35 / 45 met price target | 21%upside $110 | Outperform Maintained | 10 Dec 2024 |
Keefe, Bruyette & Woods Vasundhara Govil 71% 1-year accuracy 5 / 7 met price target | 16%upside $105 | Market Perform Maintained | 9 Dec 2024 |
Financial journalist opinion
Based on 25 articles about SQ published over the past 30 days
Positive
The Motley Fool
7 hours ago
3 Growth Stocks to Buy and Hold Forever
You do not often come across businesses that stand the test of time. Such companies should possess a strong business model and offer products or services that make them relevant over the long term.
Positive
PYMNTS
6 days ago
Square Teams With Sysco to Bolster Restaurant Technology
Square has launched a partnership with foodservice distributor Sysco to provide restaurants with better technology. The collaboration, announced Wednesday (Dec. 18), makes Square a Sysco “Restaurant Solutions partner,” meaning that its technology suite will be promoted, co-marketed and sold to Sysco's customers.
Positive
Zacks Investment Research
1 week ago
Can SQ's Expanding Foodservice Footprint Push the Stock Higher?
Block's expanding partner base and strong positioning in the digital payments industry are driving prospects despite stiff competition and stretched valuation.
Positive
Benzinga
1 week ago
Block Positioned For Margin Expansion And EPS Growth: Goldman Sachs Analyst
Goldman Sachs analyst Will Nance reiterated a Buy rating on Block, Inc. SQ with a price target of $102.
Positive
Investopedia
1 week ago
Block Stock—and Three Other Fintech Picks from Oppenheimer Analysts
Shares of Block rose Thursday morning, offering a bit of relief after a recent decline that yesterday's tech selloff extended, as Oppenheimer analysts turned bullish on the stock.
Positive
CNBC Television
1 week ago
Calls of the Day: Block
Josh Brown, who owns Block, explains why it's now a top pick at Barclays. The Investment Committee shares their top picks.
Neutral
Yahoo Finance
1 week ago
TikTok CEO meets with Trump after asking SCOTUS to block ban
TikTok CEO Shou Zi Chew is meeting with President-elect Donald Trump at his Mar-a-Lago resort as the popular social media platform faces a law that could ban the app in the US unless its Chinese-owned parent company ByteDance divests from it. The deadline for this law is January 19, 2025, President Biden's last day in office.
Positive
Zacks Investment Research
1 week ago
5 Crypto-Centric Stocks to Buy for 2025 as Bitcoin Hits All-Time High
Stocks like NVDA, V, HOOD, SHOP and SQ are poised to benefit from Bitcoin's ongoing rally.
Positive
Zacks Investment Research
1 week ago
Here is What to Know Beyond Why Block, Inc. (SQ) is a Trending Stock
Block (SQ) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Positive
Seeking Alpha
1 week ago
Block: The Bitcoin Inflection Is Looming
Block, Inc. broke out of a two-year range in December 2024, driven by its strong and underappreciated ecosystems in Square and Cash App. Square's POS systems empower SMBs with essential digital tools, creating a sticky, long-term customer base despite temporary inflationary headwinds. Cash App's integration with Square, including rewards and financial services, enhances user engagement and shareholder value.
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