TECH - Block Analyst Says Cash App Momentum Is 'Impressive' Anticipates Major Upside From Expanding Banking Services | Benzinga
Block (NYSE:SQ) aka Square stock was up over 20% on Friday after the company reported fourth-quarter earnings a day earlier. CEO Jack Dorsey said Block has done a lot to reduce costs and will now be focusing on growth. The company gave a 1.28% surprise on revenue, though EPS missed consensus estimates by 23.73%.
Related: Why Shares Of Jack Dorsey’s Block Are Surging 14% Premarket Today
Analysts are now assessing the earnings and reviewing their ratings on Block stock.
The Block Analyst: JPMorgan analyst Tien-tsin Huang, CFA has an Overweight rating on the stock with a price target of $90 a share. This implies an upside of 32.45% from the price level of $67.96 a ...