Block - SQ Stock Forecast, Price & News

40 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, 7 hold ratings and 32 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SQ shares.
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40 brokerages have issued 12 month target prices for Block's stock. Their SQ share price forecasts range from $55.00 to $310.00. On average, they predict the company's share price to reach $135.76 in the next year. This suggests a possible upside of 141.3% from the stock's current price.
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Block's stock was trading at $161.51 on January 1st, 2022. Since then, SQ stock has decreased by 65.2% and is now trading at $56.27.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Block, Inc. (NYSE:SQ) issued its quarterly earnings results on Thursday, August, 4th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.01. The technology company earned $4.41 billion during the quarter, compared to the consensus estimate of $4.33 billion. Block had a negative trailing twelve-month return on equity of 2.52% and a negative net margin of 3.00%. The company's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 EPS.

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 variety of institutional and retail investors. Top institutional shareholders include Sands Capital Management LLC (2.84%), Price T Rowe Associates Inc. MD (2.19%), Loomis Sayles & Co. L P (1.24%), Bares Capital Management Inc. (1.14%), Citadel Advisors LLC (0.00%) and UBS Group AG (0.00%). 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.
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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 $56.27.

Block (NYSE:SQ) has a market capitalization of $32.64 billion and generates $17.66 billion in revenue each year. The technology company earns $166.28 million in net income (profit) each year or ($0.91) on an earnings per share basis.

The company employs 8,521 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.