SQ - Block Positioned For Strong Growth On Neobank Leadership & Financial Services Expansion Strength: Goldman Sachs | Benzinga
Goldman Sachs analyst Will Nance assumed coverage on Block, Inc. (NYSE:SQ) stock with a Buy rating and price target of $80.
The analyst considers the company a leading player in SMB payments and consumer fintech, building on its extensive history of product-led innovation.
The analyst said that they believe the company’s strategy of focusing on direct deposits, advancing its neobank leadership by targeting higher market segments, and adding more financial services use cases to the platform is compelling.
Read: Affirm, Paypal, Block Shares Drop Following New BNPL Regulations
The company ...