Jefferies Upgrades Block with Increased Price Target

Best Stocks2023-07-25

On July 24, 2023, Trevor Williams, a renowned analyst at Jefferies, expressed his positive outlook on Block (NYSE: SQ) by reiterating a Buy rating and increasing the price target to $90. With an ...

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With an ...</p>\n\n<a href=\"https://beststocks.com/trevor-williams-of-jefferies-upgrades-block-n/\">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":"https://beststocks.com/trevor-williams-of-jefferies-upgrades-block-n/","article_id":"1188958723","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1188958723","pubTimestamp":1690252393,"sourceInfo":{"source_id":"lsy1690252377329","name":"Best Stocks"},"weMediaInfo":null,"summary":"On July 24, 2023, Trevor Williams, a renowned analyst at Jefferies, expressed his positive outlook on Block (NYSE: SQ) by reiterating a Buy rating and increasing the price target to $90. With an impre","collect":0,"end_time":0,"defaultTopTitle":"beststocks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SQ":"Block"},"translate_title":"Jefferies升级区块，提高目标价","themeId":"3e24a06b134544b39ea5a7e60150983f","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SQ":1.1},"content_text":"On July 24, 2023, Trevor Williams, a renowned analyst at Jefferies, expressed his positive outlook on Block (NYSE: SQ) by reiterating a Buy rating and increasing the price target to $90. With an impressive track record of covering 11 stocks and achieving a success rate of 70.97% along with an average return of 5.31%, Trevor Williams’s insights hold significant weight in the financial world.Interestingly, in a previous report, Trevor Williams had revised the price target for Block downwards, from $240 to $200. However, his recent adjustment to $90 demonstrates his evolving perspective on the company’s potential growth and performance. As an esteemed Wall Street analyst, Trevor Williams’s endorsement of Block highlights the company’s promising future prospects.On July 24, 2023, Square Inc. (SQ) experienced a mixed day of trading. The stock opened at $75.90 and fluctuated between a low of $74.38 and a high of $77.14. By the end of the day, SQ had a volume of 3,244,286 shares traded.SQ operates in the Technology Services sector and is headquartered in San Francisco, California. In terms of financial performance, the company experienced a significant decrease in earnings in the last year but is expected to have positive growth in the current year and the next five years.SQ’s revenue declined slightly in the last year, but the company still has a substantial presence in the market with revenue of $17.5 billion.When considering valuation metrics, SQ has a Price/Sales ratio of 2.08 and a Price/Book ratio of 2.65. The company does not have a P/E ratio available due to negative earnings in the previous year.On July 24, 2023, SQ’s stock performance was influenced by other stocks in the Technology Services sector, including Autodesk Inc., Atlassian Corp., Electronic Arts Inc., and CrowdStrike Holdings.Investors can anticipate SQ’s next reporting date on August 4, 2023, where analysts are forecasting earnings per share of $0.36 for the current quarter.In conclusion, SQ’s stock performance on July 24, 2023, was mixed, and investors should keep an eye on the upcoming earnings report on August 4, 2023, for further insights into the company’s financial health and growth prospects.Square Inc. Stock Analysis: Analysts Forecast 17.07% Increase with Positive OutlookOn July 24, 2023, Square Inc. (SQ) stock had a median target price of $90.00, according to 39 analysts offering 12-month price forecasts. The high estimate was $114.62, while the low estimate was $34.98. The median estimate indicated a potential increase of 17.07% from the last recorded price of $76.88.The consensus among 47 polled investment analysts was to buy stock in Square Inc. This rating has remained unchanged since July, indicating a sustained positive sentiment towards the company.Square Inc. reported earnings per share of $0.36 for the current quarter. The company’s sales for the same period amounted to $5.1 billion. The reporting date for these figures is set for August 4.The forecasted target price of $90.00 suggests that analysts have a positive outlook on Square Inc.’s future performance. This optimism is further supported by the consensus among investment analysts to buy the stock. 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