Q, indicating a potential upside of 31.8%.Block Inc., trading under the symbol NYSEQ, is a leading financial services and digital payments company. Known for its innovative solutions in the fintech space, Block competes with giants like PayPal and Stripe, offering services such as point-of-sale systems, peer-to-peer payments, and cryptocurrency trading.
On February 20, 2025, Daniel Perlin from RBC Capital set a price target of $110 for SQ, suggesting a potential upside of 31.8% from its current trading price of $83.46. This optimistic outlook is based on factors such as Bitcoin and the Trump factor, which are expected to drive Block's Q4 earnings, as highlighted by Benzinga.
Despite this positive forecast, Block's recent earnings report has left investors underwhelmed, particularly regarding the company's gross-profit outlook. The stock experienced a decline in its share price following the release of its quarterly earnings, which fell short of market expectations, as discussed by CNBC's MacKenzie Sigalos on 'Closing Bell Overtime'.
The stock for Block is currently priced at $83.46, showing a slight increase of 0.57% from the previous session. Today, it fluctuated between $83.13 and $85.07. Over the past year, the stock has seen a high of $99.26 and a low of $55, with a market capitalization of approximately $51.73 billion and a trading volume of 1,142,032 shares.
Block's stock performance is currently weighed down by the disappointing earnings report, which revealed revenue and profit figures below expectations. This has led to a decline in the stock price during extended trading, despite the company's anticipation of accelerating growth throughout the year.
