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NYSE:SQ

Block (SQ) Stock Forecast, Price & News

$43.46
-0.80 (-1.81%)
(As of 01:21 PM ET)
Compare
Today's Range
$43.24
▼
$44.72
50-Day Range
$44.15
▼
$80.53
52-Week Range
$42.77
▼
$89.97
Volume
5.97 million shs
Average Volume
12.26 million shs
Market Capitalization
$26.51 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$86.33
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Block MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
96.5% Upside
$85.81 Price Target
Short Interest
Healthy
3.09% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.50mentions of Block in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$2.07 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.27) to $0.31 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Business Services Sector

79th out of 317 stocks

Prepackaged Software Industry

38th out of 208 stocks

See Top Rated MarketRank™ Stocks Here

SQ stock logo

About Block (NYSE:SQ) Stock

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 Price History

SQ Stock News Headlines

October 1, 2023 | americanbankingnews.com
Piper Sandler Lowers Block (NYSE:SQ) Price Target to $77.00
September 29, 2023 | markets.businessinsider.com
Analyst Ratings for Block
October 2, 2023 | PressReach (Ad)
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
September 27, 2023 | investorplace.com
Don’t Miss the Boom: 3 Blockchain Stocks Set to Explode Higher
September 25, 2023 | seekingalpha.com
Block: Downside Risk Outweighs Upside Potential - Better Alternatives Exist
September 21, 2023 | seekingalpha.com
Block Runs The Risk Of Being A Bank
September 21, 2023 | seekingalpha.com
Block: Shareholders Have Been Blocked From Its Growth
September 21, 2023 | seekingalpha.com
Block Inc.: Still Not Cheap Enough, But It's Getting There
October 2, 2023 | Porter and Company (Ad)
Top Analyst Exposes Imminent Crisis Hurtling Towards America
The man who warned of the dot-com blow up, the 2008 housing collapse, and the loss of America’s AAA rating makes a shocking prediction…
September 20, 2023 | investorplace.com
3 Blockchain Stocks on Every Investor’s Radar This Fall
September 20, 2023 | seekingalpha.com
Block And PayPal: The Market Is Dead Wrong
September 19, 2023 | proactiveinvestors.com
Block stock falls as Square CEO heads for exit
September 14, 2023 | investorplace.com
The 3 Most Undervalued Blockchain Stocks to Buy in September 2023
September 12, 2023 | msn.com
Baird Maintains Block Inc - (SQ) Outperform Recommendation
September 12, 2023 | msn.com
Berenberg Initiates Coverage of Block Inc - (SQ) with Buy Recommendation
September 11, 2023 | seekingalpha.com
Block: Conservative Options Income Strategy With -40% Downside Protection
September 9, 2023 | seekingalpha.com
Block: Growth Vs. Profitability In A Competitive Market
September 8, 2023 | finance.yahoo.com
Block (SQ): A Hidden Gem or a Mirage? Unveiling Its True Market Worth
September 7, 2023 | msn.com
Block cut to Neutral as UBS expects gross profit growth to slow further
September 7, 2023 | seekingalpha.com
Block: Growth And Diversification Could Lead To Strong Upside
September 6, 2023 | seekingalpha.com
Block, Inc. (SQ) Goldman Sachs 2023 Communacopia and Technology Conference (Transcript)
September 6, 2023 | markets.businessinsider.com
Block Profits Likely To Bear Brunt Of Consumer Spend And User Slowdown In Cash App, UBS Analyst Says
September 6, 2023 | investing.com
Block downgraded at UBS as growth deceleration limits upside
September 6, 2023 | finance.yahoo.com
5 big analyst cuts: Block has 'limited upside potential,' per UBS
September 6, 2023 | seekingalpha.com
Block: Upgrading To Buy Based On Valuation And Focus On Profitable Growth
September 6, 2023 | seekingalpha.com
Block: Market Concerns Priced In, Time To Turn Bullish (Upwards Revised)
August 30, 2023 | investorplace.com
7 Millionaire-Maker Blockchain Stocks to Hold Through Thick and Thin
See More Headlines
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SQ Company Calendar

Last Earnings
8/03/2023
Today
10/02/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Prepackaged software
Sub-Industry
N/A
Sector
Business Services
Current Symbol
NYSE:SQ
CUSIP
N/A
CIK
1512673
Web
www.squareup.com
Phone
415-375-3176
Fax
N/A
Employees
12,428
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$86.33
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+95.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
28 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.44)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-540,750,000.00
Net Margins
-1.38%
Pretax Margin
-1.52%
Return on Equity
-0.61%
Return on Assets
-0.34%

Debt

Debt-to-Equity Ratio
0.23
Current Ratio
1.92
Quick Ratio
1.92

Sales & Book Value

Annual Sales
$17.53 billion
Price / Sales
1.54
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$28.75 per share
Price / Book
1.54

Miscellaneous

Outstanding Shares
610,080,000
Free Float
544,249,000
Market Cap
$27.00 billion
Optionable
Optionable
Beta
2.34

Social Links

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Key Executives

  • Mr. Jack DorseyMr. Jack Dorsey (Age 41)
    Chairman, Pres & CEO
  • Mr. James Morgan McKelvey Jr.Mr. James Morgan McKelvey Jr. (Age 53)
    Co-Founder
  • Ms. Sarah FriarMs. Sarah Friar (Age 45)
    Chief Financial Officer
  • Ms. Hillary B. Smith (Age 51)
    Gen. Counsel and Corp. Sec.
  • Ms. Alyssa HenryMs. Alyssa Henry (Age 48)
    Seller Lead

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SQ Stock - Frequently Asked Questions

Should I buy or sell Block stock right now?

28 Wall Street 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 analysts is that investors should "moderate buy" SQ shares.
View SQ analyst ratings or view top-rated stocks.

What is Block's stock price forecast for 2023?

28 Wall Street analysts have issued 1 year price targets for Block's stock. 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 twelve months. This suggests a possible upside of 95.1% 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 2023?

Block's stock was trading at $62.84 on January 1st, 2023. Since then, SQ stock has decreased by 29.6% and is now trading at $44.26.
View the best growth stocks for 2023 here.

When is Block's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SQ earnings forecast.

How were Block's earnings last quarter?

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

What ETFs hold Block's stock?

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).

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 initial public offering (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 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.

What is Block's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Block's stock price today?

One share of SQ stock can currently be purchased for approximately $44.26.

How much money does Block make?

Block (NYSE:SQ) has a market capitalization of $27.00 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.

How many employees does Block have?

The company employs 12,428 workers across the globe.

How can I contact Block?

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.

This page (NYSE:SQ) was last updated on 10/2/2023 by MarketBeat.com Staff

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