Stock Track | Block Soars 5% as Analysts See 32% Upside on Accelerating Growth Prospects

Stock Track12-19 23:02

Block Inc (SQ) shares surged 5.09% in Thursday's pre-market trading, following an upgrade from Oppenheimer analysts who now rate the stock as Outperform with a $115 price target, implying around 32% upside potential.

The bullish analyst call is driven by expectations of accelerating growth across Block's key businesses, as well as the company's ability to hit financial efficiency targets ahead of schedule.

According to Oppenheimer, Block's investments in product development and sales initiatives are set to drive faster growth in Square's gross payment volume (GPV). The firm forecasts Square GPV growth to accelerate to 12% in 2025, up from an estimated 9% in 2024, due to enhanced product offerings, increased marketing spend, a revised go-to-market strategy, and resilient consumer spending.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1115929464?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-19 23:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1115929464","market":"hk","top_or_hot":-1,"title":"Stock Track | Block Soars 5% as Analysts See 32% Upside on Accelerating Growth Prospects","media":"Stock Track","content":"<p>Block Inc (SQ) shares surged 5.09% in Thursday's pre-market trading, following an upgrade from Oppenheimer analysts who now rate the stock as Outperform with a $115 price target, implying around 32% upside potential.</p>\n\n<p>The bullish analyst call is driven by expectations of accelerating growth across Block's key businesses, as well as the company's ability to hit financial efficiency targets ahead of schedule.</p>\n\n<p>According to Oppenheimer, Block's investments in product development and sales initiatives are set to drive faster growth in Square's gross payment volume (GPV). The firm forecasts Square GPV growth to accelerate to 12% in 2025, up from an estimated 9% in 2024, due to enhanced product offerings, increased marketing spend, a revised go-to-market strategy, and resilient consumer spending.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Block Soars 5% as Analysts See 32% Upside on Accelerating Growth Prospects</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Block Soars 5% as Analysts See 32% Upside on Accelerating Growth Prospects\n</h2>\n\n<h4 class=\"meta\">\n\n2024-12-19 23:02 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Block Inc (SQ) shares surged 5.09% in Thursday's pre-market trading, following an upgrade from Oppenheimer analysts who now rate the stock as Outperform with a $115 price target, implying around 32% ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SQ","symbol_name":"Block","start_time":0,"source_url":"","article_id":"1115929464","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115929464","pubTimestamp":1734620556,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Block Inc  shares surged 5.09% in Thursday's pre-market trading, following an upgrade from Oppenheimer analysts who now rate the stock as Outperform with a $115 price target, implying around 32% upside potential.The bullish analyst call is driven by expectations of accelerating growth across Block's key businesses, as well as the company's ability to hit financial efficiency targets ahead of schedule.According to Oppenheimer, Block's investments in product development and sales initiatives are s","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SQ":"Block"},"translate_title":"分析师认为增长前景加速还有32%的上涨空间，股票Track Block飙升5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SQ":1},"content_text":"Block Inc (SQ) shares surged 5.09% in Thursday's pre-market trading, following an upgrade from Oppenheimer analysts who now rate the stock as Outperform with a $115 price target, implying around 32% upside potential.\nThe bullish analyst call is driven by expectations of accelerating growth across Block's key businesses, as well as the company's ability to hit financial efficiency targets ahead of schedule.\nAccording to Oppenheimer, Block's investments in product development and sales initiatives are set to drive faster growth in Square's gross payment volume (GPV). The firm forecasts Square GPV growth to accelerate to 12% in 2025, up from an estimated 9% in 2024, due to enhanced product offerings, increased marketing spend, a revised go-to-market strategy, and resilient consumer spending.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1115929464"}