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The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Buy THIS stock before Taiwan is attacked (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Critical asset just had biggest fall on record (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Critical asset just had biggest fall on record (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Buy THIS stock before Taiwan is attacked (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Critical asset just had biggest fall on record (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Critical asset just had biggest fall on record (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Buy THIS stock before Taiwan is attacked (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Critical asset just had biggest fall on record (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Critical asset just had biggest fall on record (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
NYSE:SQ

Block (SQ) Stock Price, News & Analysis

$67.95
+3.48 (+5.40%)
(As of 02/22/2024 ET)
Today's Range
$65.65
$68.44
50-Day Range
$62.58
$79.60
52-Week Range
$38.85
$83.08
Volume
23.41 million shs
Average Volume
9.69 million shs
Market Capitalization
$41.73 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$77.88

Block MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
14.6% Upside
$77.88 Price Target
Short Interest
Healthy
2.71% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.63mentions of Block in the last 14 days
Based on 31 Articles This Week
Insider Trading
Selling Shares
$10.23 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.11) to $0.96 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.75 out of 5 stars

Business Services Sector

82nd out of 299 stocks

Prepackaged Software Industry

60th out of 189 stocks

SQ stock logo

About Block Stock (NYSE:SQ)

Block, Inc. is the parent company to a host of digital financial solutions including Square. The company was founded in 2009 by Jack Dorsey (also founded Twitter) and Jim McKelvey as a solution to a problem faced by McKelvey. Mr. McKelvey was unable to complete a transaction because he was unable to accept credit cards and that provided inspiration for Mr. Dorsey. The firm was founded in St. Louis but now has no official headquarters, instead choosing to do most work remotely or from one of several key hubs. That decision was made in the wake of the COVID-19 pandemic when it became clear telecommuting was a solution that worked.

The original Square app provides a multitude of payment and POS solutions that include hardware and software. The hardware includes the iconic Square card mag-stripe reader that can be plugged into any tablet or smartphone as well as many other solutions. The software enables sellers to turn their smart devices into POS on a temporary or permanent/dedicated basis.

The company went public in 2015 when it IPOd on the NASDAQ stock exchange and then later decided to change its name to Block to better represent the business. Today, Block, Inc. operates as a network of businesses that are working together to expand access to the economy. The core brands are Square, CashApp, AfterPay, Weebly, Tidal, Spiral, and TBD.

The Square brand encompasses all the core business including but not limited to hardware and its related software. The CashApp business is a money transfer solution that is working to make money more available and universally acceptable. Afterpay is a buy-now-pay-later service. Weebly is an eCommerce and web hosting service for small and medium-sized businesses. Tidal is a platform for musicians and artists to connect with fans and monetize their brands. Spiral is the firm's cryptocurrency division and TBD is a division focused on crypto, specifically building a crypto platform.

Block, Inc. stunned the market in 2020 when it began to purchase Bitcoin. Then Square, the company purchased Bitcoin in two transactions for a total of $210 million. The holdings amount to 8,027 Bitcoins which were worth $154.75 million in October 2022. The purpose of Spiral is to fund open-sourced applications that encourage and facilitate the use of Bitcoin and other cryptocurrencies.

Mr. Dorsey remains the CEO and chairman of Block, Inc. The company employs more than 8,500 individuals across its footprint and netted $17.66 billion in revenue for 2021. Mr. Dorsey is also the company’s largest shareholder with about 10% of the shares.



SQ Stock Price History

SQ Stock News Headlines

Block (NYSE:SQ) PT Raised to $65.00 at Wells Fargo & Company
The perfect AI stock under $10
Normally, bringing a new drug to market takes an average of 10 years and between $2.5 and $12 billion. However, new AI technology has the potential to make the process up to 1000 times faster. This #1 AI company is at the forefront of it all.
Block Announces Fourth Quarter and Full Year 2023 Results
The perfect AI stock under $10
Normally, bringing a new drug to market takes an average of 10 years and between $2.5 and $12 billion. However, new AI technology has the potential to make the process up to 1000 times faster. This #1 AI company is at the forefront of it all.
Block's (SQ) Outperform Rating Reaffirmed at Wedbush
Expert Outlook: Block Through The Eyes Of 7 Analysts
Block (NYSE:SQ) Shares Gap Down to $69.48
Benchmark Initiates Coverage on Block (NYSE:SQ)
Block (SQ) to Release Earnings on Thursday
Block Stock: Buy, Sell, or Hold?
See More Headlines
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Company Calendar

Last Earnings
8/03/2023
Today
2/22/2024
Next Earnings (Confirmed)
2/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
12,428
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$77.88
High Stock Price Target
$100.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+13.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
31 Analysts

Profitability

Net Income
$-540,750,000.00
Pretax Margin
-1.19%

Debt

Sales & Book Value

Annual Sales
$17.53 billion
Book Value
$28.75 per share

Miscellaneous

Free Float
547,832,000
Market Cap
$41.73 billion
Optionable
Optionable
Beta
2.53

Social Links

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report

Should I Buy Block Stock? SQ Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Block was last updated on Monday, February 19, 2024 at 8:22 PM.

Pros

Here are some ways that investors could benefit from investing in Block, Inc.:

  • Block, Inc. (NYSE:SQ) has been receiving positive analyst ratings, with a consensus price target of $76.87, indicating potential growth.
  • Recent insider trading activities, such as CFO Amrita Ahuja selling shares at a higher price, could signal confidence in the company's future performance.
  • Block, Inc. has shown consistent growth in institutional investments, indicating trust from large financial entities.
  • Positive analyst sentiment, with a majority of analysts giving a buy rating to the stock, suggests a favorable outlook for Block, Inc.
  • The company's stock price has been relatively stable, providing a sense of security for investors.

Cons

Investors should be bearish about investing in Block, Inc. for these reasons:

  • Despite positive analyst ratings, there have been instances of target price reductions, which could indicate potential risks or challenges ahead.
  • Recent insider selling activities, like CFO Amrita Ahuja selling shares, might raise concerns about the company's future performance.
  • Block, Inc. has seen a decrease in holdings by some large investors, which could suggest a lack of confidence in the company's growth prospects.
  • Market volatility and competition in the technology sector could impact Block, Inc.'s stock price and overall performance.
  • Investors need to consider the overall market conditions and economic uncertainties that could affect Block, Inc.'s stock value.














SQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Block stock right now?

31 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Block in the last twelve months. There are currently 6 hold ratings and 25 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.

What is Block's stock price target for 2024?

31 brokers have issued twelve-month target prices for Block's shares. Their SQ share price targets range from $46.00 to $100.00. On average, they predict the company's stock price to reach $77.88 in the next twelve months. This suggests a possible upside of 14.6% from the stock's current price.
View analysts price targets for SQ
or view top-rated stocks among Wall Street analysts.

How have SQ shares performed in 2024?

Block's stock was trading at $77.35 at the beginning of the year. Since then, SQ stock has decreased by 12.2% and is now trading at $67.95.
View the best growth stocks for 2024 here
.

Are investors shorting Block?

Block saw a decrease in short interest in the month of January. As of January 31st, there was short interest totaling 16,670,000 shares, a decrease of 11.9% from the January 15th total of 18,920,000 shares. Based on an average daily trading volume, of 10,840,000 shares, the days-to-cover ratio is currently 1.5 days.
View Block's Short Interest
.

How were Block's earnings last quarter?

Block, Inc. (NYSE:SQ) posted its earnings results 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 earned $5.53 billion during the quarter, compared to analyst estimates of $5.10 billion. Block had a negative net margin of 1.38% and a negative trailing twelve-month return on equity of 0.30%. The firm's quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) earnings per share.

What is Jack Dorsey's approval rating as Block's CEO?

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.

What other stocks do shareholders of Block own?

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).

When did Block IPO?

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

Who are Block's major shareholders?

Block's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.89%), Sands Capital Management LLC (2.24%), Capital World Investors (2.04%), ARK Investment Management LLC (1.94%), Sumitomo Mitsui Trust Holdings Inc. (1.69%) and Nikko Asset Management Americas Inc. (1.46%). Insiders that own company stock include Ajmere Dale, Alyssa Henry, Amrita Ahuja, Brian Grassadonia, Chrysty Esperanza, Ernest C Garcia II, Jack Dorsey, James Morgan Jr Mckelvey, Lawrence Henry Summers, Mary G Meeker, Mohan Maheswaran, Roelof Botha and Sivan Whiteley.
View institutional ownership trends
.

How do I buy shares of Block?

Shares of SQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SQ) was last updated on 2/23/2024 by MarketBeat.com Staff

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