Block (SQ) Stock Forecast & Price Target

$66.77

-0.56 (-0.83%)

(As of 09/18/2024 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

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, 5 have given a hold rating, 24 have given a buy rating, and 1 has given a strong buy rating for SQ.

Consensus Price Target

$87.34
30.81% Upside

High Forecast	$106.00
Average Forecast	$87.34
Low Forecast	$46.00

According to the 31 analysts' twelve-month price targets for Block, the average price target is $87.34. The highest price target for SQ is $106.00, while the lowest price target for SQ is $46.00. The average price target represents a forecasted upside of 30.81% from the current price of $66.77.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	24 Buy rating(s)	25 Buy rating(s)	27 Buy rating(s)	21 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$87.34	$86.20	$87.59	$86.32
Forecasted Upside	30.81% Upside	31.17% Upside	26.33% Upside	35.32% Upside

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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	2.81	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	30.81% Upside	265.28% Upside	7.94% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/9/2024	New Street Research 4 of 5 stars	S. Datta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$70.00	+14.30%
8/27/2024	UBS Group 4 of 5 stars		Lower Target	Buy ➝ Buy	$100.00 ➝ $92.00	+40.35%
8/5/2024	Needham & Company LLC 2 of 5 stars		Lower Target	Buy ➝ Buy	$105.00 ➝ $80.00	+38.72%
8/2/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$88.00 ➝ $88.00	+45.62%
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	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$92.00 ➝ $93.00	+54.28%
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8/2/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$99.00 ➝ $99.00	+67.94%
7/31/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Jeffrey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
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%
7/8/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$82.00 ➝ $74.00	+12.50%
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	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$95.00 ➝ $95.00	+36.75%
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	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$86.00 ➝ $88.00	+9.62%
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%
7/28/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Outperform	$95.00	+25.38%
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%
1/25/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
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11/21/2022	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$130.00	+112.31%
9/21/2022	Sumitomo Mitsui Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$120.00 ➝ $70.00	+13.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:33 AM ET.

SQ Forecast - Frequently Asked Questions

What is Block's forecast for 2024?: According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Block is $87.34, with a high forecast of $106.00 and a low forecast of $46.00.
Should I buy or sell Block stock right now?: 31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Block in the last twelve months. There is currently 1 sell rating, 5 hold ratings, 24 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SQ shares.
Does Block's stock price have much upside?: According to analysts, Block's stock has a predicted upside of 31.35% based on their 12-month stock forecasts.
Has Block been upgraded by Wall Street analysts recently?: Over the previous 90 days, Block's stock had 2 upgrades by analysts.
What analysts cover Block?: Block has been rated by research analysts at Benchmark, BMO Capital Markets, Deutsche Bank Aktiengesellschaft, Keefe, Bruyette & Woods, Macquarie, Morgan Stanley, Needham & Company LLC, New Street Research, Royal Bank of Canada, Susquehanna, The Goldman Sachs Group, UBS Group, Wells Fargo & Company, and William Blair in the past 90 days.
Do Wall Street analysts like Block more than its competitors?: Analysts like Block more than other "business services" companies. The consensus rating score for Block is 2.81 while the average consensus rating score for "business services" companies is 2.66. Learn more on how SQ compares to other companies.