Block (SQ) Stock Forecast & Price Target

$89.04 -1.71 (-1.88%)

(As of 11/26/2024 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

Moderate Buy

Based on 31 Analyst Ratings

Sell
1

Hold
7

Buy
23

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, 7 have given a hold rating, and 23 have given a buy rating for SQ.

Consensus Price Target

$91.46
2.72% Upside

According to the 31 analysts' twelve-month price targets for Block, the average price target is $91.46. 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 upside of 2.72% from the current price of $89.04.

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SQ Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	23 Buy rating(s)	24 Buy rating(s)	25 Buy rating(s)	22 Buy rating(s)
Hold	7 Hold rating(s)	5 Hold rating(s)	4 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	$91.46	$88.79	$87.52	$75.07
Forecasted Upside	2.72% Upside	22.28% Upside	35.33% Upside	24.53% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

Block Stock vs. The Competition

Type	Block	Business Services Companies	S&P 500
Consensus Rating Score	2.71	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	0.74% Upside	342.03% Upside	6.38% Upside
News Sentiment Rating	Neutral News See Recent SQ News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/25/2024	BMO Capital Markets 4 of 5 stars	R. Hone Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$94.00 ➝ $100.00	+8.39%
11/20/2024	BNP Paribas 3 of 5 stars		Downgrade	Outperform ➝ Neutral	$88.00	-4.79%
11/15/2024	William Blair 2 of 5 stars	A. Jeffrey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
11/12/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$95.00 ➝ $120.00	+38.54%
11/11/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight	$83.00	+11.32%
11/8/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$71.00 ➝ $80.00	+11.05%
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11/8/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$80.00 ➝ $90.00	+19.73%
10/21/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$88.00 ➝ $88.00	+17.95%
10/1/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
9/9/2024	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Datta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$70.00	+14.30%
8/27/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$100.00 ➝ $92.00	+40.35%
8/2/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$95.00 ➝ $85.00	+40.66%
8/2/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$99.00 ➝ $99.00	+67.94%
7/30/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$60.00 ➝ $55.00	-9.47%
7/26/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$100.00 ➝ $100.00	+66.17%
7/12/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$90.00 ➝ $98.00	+47.41%
6/26/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive ➝ Positive	$100.00 ➝ $100.00	+57.90%
6/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$80.00	+27.04%
5/6/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$86.00 ➝ $90.00	+24.24%
5/3/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$90.00 ➝ $92.00	+32.43%
5/3/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Katri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$90.00	+25.47%
5/3/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$98.00 ➝ $100.00	+42.29%
5/2/2024	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral
4/11/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$95.00 ➝ $100.00	+27.06%
4/10/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$99.00 ➝ $106.00	+32.60%
3/27/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$80.00 ➝ $95.00	+13.34%
3/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	In-Line ➝ In-Line	$75.00	-11.66%
2/23/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Cantwell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
2/23/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$90.00 ➝ $100.00	+47.17%
1/30/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$85.00	+23.22%
12/5/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$95.00 ➝ $100.00	+53.70%
11/6/2023	CLSA Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Outperform	$57.00	+17.09%
10/13/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$46.00	+1.21%
9/11/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$75.00	+39.04%
8/22/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$96.00 ➝ $75.00	+30.32%
8/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$100.00	+53.61%
8/4/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$90.00 ➝ $80.00	+8.77%
7/24/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$80.00 ➝ $90.00	+19.82%
5/10/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$96.00 ➝ $86.00	+47.46%
3/24/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ 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 Tuesday at 06:37 PM ET.

Should I Buy Block Stock? SQ Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these Block pros and cons to contact@marketbeat.com.

Block
Bull Case

Here are some ways that investors could benefit from investing in Block, Inc.:

Block, Inc. has a strong market presence with a market capitalization of $56.25 billion, indicating robust investor confidence and potential for growth.
The stock recently traded at $90.75, reflecting a significant increase from its twelve-month low of $55.00, suggesting positive momentum in the stock price.
Institutional investors hold a substantial 70.44% of Block, Inc.'s stock, which often indicates a strong belief in the company's future performance.
Analysts have a consensus rating of "Moderate Buy" with an average price target of $91.46, suggesting that many believe the stock is undervalued at its current price.
Block, Inc. has been actively expanding its services and product offerings, which can lead to increased revenue and market share in the payment solutions sector.

Block
Bear Case

Investors should be bearish about investing in Block, Inc. for these reasons:

The stock has experienced volatility, with a beta of 2.48, indicating that it is more volatile than the market, which could lead to higher risk for investors.
Recent insider selling, with a total of 12,283 shares sold worth $862,773, may raise concerns about the confidence of company executives in the stock's future performance.
Block, Inc. has a high price-to-earnings (P/E) ratio of 50.74, which may suggest that the stock is overvalued compared to its earnings, potentially deterring value-focused investors.
Analysts have mixed ratings, with one sell rating and several hold ratings, indicating uncertainty about the stock's short-term performance.
The company faces increasing competition in the payment solutions market, which could impact its market share and profitability moving forward.

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 $91.46, with a high forecast of $120.00 and a low forecast of $55.00.
: 31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Block in the last twelve months. There is currently 1 sell rating, 7 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SQ shares.
: According to analysts, Block's stock has a predicted upside of 2.72% based on their 12-month stock forecasts.
: Over the previous 90 days, Block's stock had 2 downgrades by analysts.
: Block has been rated by research analysts at BMO Capital Markets, BNP Paribas, Canaccord Genuity Group, Keefe, Bruyette & Woods, Needham & Company LLC, New Street Research, Oppenheimer, Piper Sandler, Royal Bank of Canada, and William Blair in the past 90 days.
: Analysts like Block more than other "business services" companies. The consensus rating score for Block is 2.71 while the average consensus rating score for "business services" companies is 2.68. Learn more on how SQ compares to other companies.

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This page (NYSE:SQ) was last updated on 11/26/2024 by MarketBeat.com Staff

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Block (SQ) Stock Forecast & Price Target