Block - SQ Stock Forecast, Price & News

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Block in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SQ shares.
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30 brokerages have issued 12-month target prices for Block's shares. Their SQ share price forecasts range from $55.00 to $180.00. On average, they predict the company's share price to reach $107.86 in the next year. This suggests a possible upside of 67.5% from the stock's current price.
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Block's stock was trading at $62.84 at the beginning of the year. Since then, SQ shares have increased by 2.5% and is now trading at $64.40.
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Block saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 26,110,000 shares, an increase of 16.2% from the February 13th total of 22,470,000 shares. Based on an average daily volume of 11,750,000 shares, the days-to-cover ratio is currently 2.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our SQ earnings forecast.

Block, Inc. (NYSE:SQ) issued its quarterly earnings results on Thursday, February, 23rd. The technology company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.16) by $0.07. The technology company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. Block had a negative net margin of 3.11% and a negative trailing twelve-month return on equity of 2.28%.

ETFs with the largest weight of Block (NYSE:SQ) stock in their portfolio include Global X Blockchain ETF (BKCH), Fidelity Crypto Industry and Digital Payments ETF (FDIG), First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), iShares Blockchain and Tech ETF (IBLC), ARK Fintech Innovation ETF (ARKF), Global X FinTech Thematic ETF (FINX), Grayscale Future of Finance ETF (GFOF) and VanEck Digital Transformation ETF (DAPP).

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 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."

Block's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sands Capital Management LLC (2.63%), Fisher Asset Management LLC (1.90%), ARK Investment Management LLC (1.51%), Sumitomo Mitsui Trust Holdings Inc. (1.42%), Price T Rowe Associates Inc. MD (1.41%) and Nikko Asset Management Americas Inc. (1.17%). Insiders that own company stock include Ajmere Dale, Alyssa Henry, Amrita Ahuja, Brian Grassadonia, David A Viniar, Ernest C Garcia II, Jack Dorsey, Jacqueline D Reses, James Morgan Jr Mckelvey, Mary G Meeker, Mohan Maheswaran, Paul Deighton and Sivan Whiteley.
View institutional ownership trends.

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 $64.40.

Block (NYSE:SQ) has a market capitalization of $38.77 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 ($0.95) 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.