1 Wall Street Analyst Thinks Block (Square) Is Going to $96. Is It a Buy Around $71?
The stock market reacted to Block's (NYSE: SQ) first-quarter earnings report last week. The fintech stock initially jumped out of the gate as Wall Street applauded better-than-expected results on the top and bottom lines, but the gains didn't stick. By the end of the day on May 3, the stock was down 1%.
However, one Wall Street analyst is doubling down on the initial bullish response to the results, upgrading the stock and raising its price target on the parent company of Square and Cash App.
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Source Fool.com