Block (SQ) Stock Forecast, Price & News

28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Block in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SQ shares.
View SQ analyst ratings or view top-rated stocks.

28 brokerages have issued 12-month price targets for Block's shares. Their SQ share price forecasts range from $63.00 to $130.00. On average, they predict the company's share price to reach $86.33 in the next year. This suggests a possible upside of 95.0% from the stock's current price.
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Block's stock was trading at $62.84 at the beginning of 2023. Since then, SQ stock has decreased by 29.6% and is now trading at $44.27.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SQ earnings forecast.

Block, Inc. (NYSE:SQ) announced its quarterly earnings data on Thursday, August, 3rd. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. The technology company had revenue of $5.53 billion for the quarter, compared to analysts' expectations of $5.10 billion. Block had a negative trailing twelve-month return on equity of 0.61% and a negative net margin of 1.38%. Block's revenue was up 25.7% compared to the same quarter last year. During the same period last year, the business posted ($0.19) EPS.

ETFs with the largest weight of Block (NYSE:SQ) stock in their portfolio include iShares Blockchain and Tech ETF (IBLC), ARK Fintech Innovation ETF (ARKF), ARK Next Generation Internation ETF (ARKW), First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), ARK Innovation ETF (ARKK), VanEck Digital Transformation ETF (DAPP), Grayscale Future of Finance ETF (GFOF) and Schwab Crypto Thematic ETF (STCE).

436 employees have rated Block Chief Executive Officer Jack Dorsey on Glassdoor.com. Jack Dorsey has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Block investors own include NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Advanced Micro Devices (AMD), PayPal (PYPL), Netflix (NFLX), Micron Technology (MU), Salesforce (CRM), Walt Disney (DIS) and Shopify (SHOP).

(SQ) raised $324 million in an initial public offering (IPO) on Thursday, November 19th 2015. The company issued 27,000,000 shares at a price of $11.00-$13.00 per share. Goldman Sachs, Morgan Stanley and J.P. Morgan acted as the underwriters for the IPO and Barclays, Deutsche Bank Securities, Jefferies, RBC Capital Markets, Stifel, LOYAL3 Securities and SMBC Nikko were co-managers.

Block trades on the New York Stock Exchange (NYSE) under the ticker symbol "SQ."

Shares of SQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SQ stock can currently be purchased for approximately $44.27.

Block (NYSE:SQ) has a market capitalization of $27.01 billion and generates $17.53 billion in revenue each year. The technology company earns $-540,750,000.00 in net income (profit) each year or ($0.44) on an earnings per share basis.

The company employs 12,428 workers across the globe.

Block's mailing address is 1455 MARKET STREET SUITE 600, SAN FRANCISCO CA, 94103. The official website for the company is www.squareup.com. The technology company can be reached via phone at 415-375-3176 or via email at ir@squareup.com.