Why Block Stock Got Clocked Today
High-profile fintech company Block (NYSE: SQ) took a bit of a hit to its share price on Tuesday, following a deep price target cut from an analyst. Investors reacted by trading the company's shares down slightly, by a bit over 1% on the day.
The prognosticator using the scissors was UBS's (NYSE: UBS) Rayna Kumar, who now believes Block is worth $178 per share. While that's down considerably from her former level of $322, she's maintaining her buy recommendation on the fintech's stock.
Image source: Block.
Source Fool.com
