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Block (SQ) Stock Forecast & Price Target

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$93.27 +0.57 (+0.61%)
(As of 11:39 AM ET)

Block - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
6
Buy
24

Based on 31 Wall Street analysts who have issued ratings for Block in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 31 analysts, 1 has given a sell rating, 6 have given a hold rating, and 24 have given a buy rating for SQ.

Consensus Price Target

$91.18
-2.24% Downside
According to the 31 analysts' twelve-month price targets for Block, the average price target is $91.18. The highest price target for SQ is $120.00, while the lowest price target for SQ is $55.00. The average price target represents a forecasted downside of -2.24% from the current price of $93.27.
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SQ Analyst Ratings Over Time

TypeCurrent Forecast
11/23/23 to 11/22/24
1 Month Ago
10/24/23 to 10/23/24
3 Months Ago
8/25/23 to 8/24/24
1 Year Ago
11/23/22 to 11/23/23
Strong Buy
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
24 Buy rating(s)
24 Buy rating(s)
24 Buy rating(s)
22 Buy rating(s)
Hold
6 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
8 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$91.18$88.79$86.59$75.07
Forecasted Upside-2.24% Downside24.37% Upside32.48% Upside27.19% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

SQ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SQ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Block Stock vs. The Competition

TypeBlockBusiness Services CompaniesS&P 500
Consensus Rating Score
2.74
2.68
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-1.77% Downside331.97% Upside8.53% Upside
News Sentiment Rating
Neutral News

See Recent SQ News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/20/2024BNP Paribas
3 of 5 stars
 DowngradeOutperform ➝ Neutral$88.00-4.79%
11/15/2024William Blair
2 of 5 stars
A. Jeffrey
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Reiterated RatingOutperform
11/12/2024Canaccord Genuity Group
1 of 5 stars
 Boost TargetBuy ➝ Buy$95.00 ➝ $120.00+38.54%
11/11/2024Piper Sandler
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 Reiterated RatingOverweight$83.00+11.32%
11/8/2024Keefe, Bruyette & Woods
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 Boost TargetMarket Perform ➝ Market Perform$71.00 ➝ $80.00+11.05%
11/8/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$80.00 ➝ $90.00+19.73%
10/21/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$88.00 ➝ $88.00+17.95%
10/3/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$93.00 ➝ $92.00+41.45%
10/1/2024Oppenheimer
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 Initiated CoverageMarket Perform
9/9/2024New Street Research
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S. Datta
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Initiated CoverageNeutral$70.00+14.30%
8/27/2024UBS Group
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 Lower TargetBuy ➝ Buy$100.00 ➝ $92.00+40.35%
8/2/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$95.00 ➝ $85.00+40.66%
8/2/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$99.00 ➝ $99.00+67.94%
7/30/2024Morgan Stanley
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 Lower TargetUnderweight ➝ Underweight$60.00 ➝ $55.00-9.47%
7/26/2024Macquarie
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 Reiterated RatingOutperform ➝ Outperform$100.00 ➝ $100.00+66.17%
7/12/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$90.00 ➝ $98.00+47.41%
6/26/2024Susquehanna
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 Reiterated RatingPositive ➝ Positive$100.00 ➝ $100.00+57.90%
6/24/2024The Goldman Sachs Group
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 Reiterated RatingBuy$80.00+27.04%
5/6/2024Citigroup
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 Boost TargetBuy ➝ Buy$86.00 ➝ $90.00+24.24%
5/3/2024TD Cowen
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 Boost TargetBuy ➝ Buy$90.00 ➝ $92.00+32.43%
5/3/2024Wedbush
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M. Katri
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Reiterated RatingOutperform ➝ Outperform$90.00+25.47%
5/3/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$98.00 ➝ $100.00+42.29%
5/2/2024Monness Crespi & Hardt
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 Reiterated RatingBuy ➝ Neutral
4/11/2024Wolfe Research
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 Boost TargetOutperform ➝ Outperform$95.00 ➝ $100.00+27.06%
4/10/2024Mizuho
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 Boost TargetBuy ➝ Buy$99.00 ➝ $106.00+32.60%
3/27/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$80.00 ➝ $95.00+13.34%
3/26/2024Evercore ISI
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 Reiterated RatingIn-Line ➝ In-Line$75.00-11.66%
2/23/2024Seaport Res Ptn
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J. Cantwell
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UpgradeNeutral ➝ Buy
2/23/2024Truist Financial
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 Boost TargetBuy ➝ Buy$90.00 ➝ $100.00+47.17%
1/30/2024BTIG Research
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 UpgradeNeutral ➝ Buy$85.00+23.22%
12/5/2023Barclays
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 Boost TargetOverweight ➝ Overweight$95.00 ➝ $100.00+53.70%
11/6/2023CLSA
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 UpgradeSell ➝ Outperform$57.00+17.09%
10/13/2023HSBC
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 Initiated CoverageHold$46.00+1.21%
9/11/2023Berenberg Bank
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 Initiated CoverageBuy$75.00+39.04%
8/22/2023JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$96.00 ➝ $75.00+30.32%
8/4/2023Credit Suisse Group
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 Reiterated RatingOutperform ➝ Outperform$100.00+53.61%
8/4/2023Stephens
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 Lower TargetOverweight ➝ Overweight$90.00 ➝ $80.00+8.77%
7/24/2023Jefferies Financial Group
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 Boost TargetBuy$80.00 ➝ $90.00+19.82%
5/10/2023Bank of America
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 Lower Target$96.00 ➝ $86.00+47.46%
3/24/2023Atlantic Securities
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 DowngradeOverweight ➝ Neutral$95.00 ➝ $70.00+13.12%
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 12:00 PM ET.


SQ Forecast - Frequently Asked Questions

According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Block is $91.18, with a high forecast of $120.00 and a low forecast of $55.00.

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Block in the last year. There is currently 1 sell rating, 6 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SQ shares.

According to analysts, Block's stock has a predicted downside of -2.24% based on their 12-month stock forecasts.

Over the previous 90 days, Block's stock had 1 downgrade by analysts.

Analysts like Block more than other "business services" companies. The consensus rating score for Block is 2.74 while the average consensus rating score for "business services" companies is 2.68. Learn more on how SQ compares to other companies.


This page (NYSE:SQ) was last updated on 11/22/2024 by MarketBeat.com Staff
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