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Block (SQ) Stock Forecast & Price Target

$62.40
-4.49 (-6.71%)
(As of 03:08 PM ET)

Block - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 35 Wall Street analysts who have issued ratings for Block in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 35 analysts, 1 has given a sell rating, 5 have given a hold rating, and 29 have given a buy rating for SQ.

Consensus Price Target

$87.33
39.96% Upside
High Forecast$106.00
Average Forecast$87.33
Low Forecast$46.00

According to the 35 analysts' twelve-month price targets for Block, the average price target is $87.33. The highest price target for SQ is $106.00, while the lowest price target for SQ is $46.00. The average price target represents a forecasted upside of 39.96% from the current price of $62.40.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
29 Buy rating(s)
27 Buy rating(s)
28 Buy rating(s)
20 Buy rating(s)
Hold
5 Hold rating(s)
6 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$87.33$87.13$85.67$93.27
Forecasted Upside39.96% Upside24.90% Upside24.20% Upside37.68% Upside
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SQ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SQ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Block Stock vs. The Competition

TypeBlockBusiness Services CompaniesS&P 500
Consensus Rating Score
2.80
2.64
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside39.87% Upside173.61% Upside10.06% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/18/2024William Blair
2 of 5 stars
C. Kennedy
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UpgradeMarket Perform ➝ Outperform
7/12/2024Deutsche Bank Aktiengesellschaft
2 of 5 stars
 Boost TargetBuy ➝ Buy$90.00 ➝ $98.00+47.41%
7/8/2024Keefe, Bruyette & Woods
4 of 5 stars
 Lower TargetMarket Perform ➝ Market Perform$82.00 ➝ $74.00+12.50%
6/26/2024Susquehanna
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 Reiterated RatingPositive ➝ Positive$100.00 ➝ $100.00+57.90%
6/24/2024The Goldman Sachs Group
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 Reiterated RatingBuy$80.00+27.04%
5/6/2024Citigroup
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 Boost TargetBuy ➝ Buy$86.00 ➝ $90.00+24.24%
5/3/2024TD Cowen
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 Boost TargetBuy ➝ Buy$90.00 ➝ $92.00+32.43%
5/3/2024Canaccord Genuity Group
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 Reiterated RatingBuy ➝ Buy$95.00 ➝ $95.00+36.75%
5/3/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$99.00+42.12%
5/3/2024Wedbush
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M. Katri
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Reiterated RatingOutperform ➝ Outperform$90.00+25.47%
5/3/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$95.00 ➝ $105.00+49.40%
5/3/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$98.00 ➝ $100.00+42.29%
5/2/2024Monness Crespi & Hardt
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 Reiterated RatingBuy ➝ Neutral
4/11/2024Wolfe Research
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 Boost TargetOutperform ➝ Outperform$95.00 ➝ $100.00+27.06%
4/10/2024Mizuho
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 Boost TargetBuy ➝ Buy$99.00 ➝ $106.00+32.60%
4/4/2024Morgan Stanley
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 Reiterated RatingEqual Weight ➝ Underweight$62.00 ➝ $60.00-24.67%
3/27/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$80.00 ➝ $95.00+13.34%
3/26/2024Evercore ISI
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 Reiterated RatingIn-Line ➝ In-Line$75.00-11.66%
2/23/2024Seaport Res Ptn
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J. Cantwell
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UpgradeNeutral ➝ Buy
2/23/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$86.00 ➝ $88.00+9.62%
2/23/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$77.00 ➝ $88.00+10.37%
2/23/2024Truist Financial
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 Boost TargetBuy ➝ Buy$90.00 ➝ $100.00+47.17%
2/23/2024Wells Fargo & Company
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 UpgradeEqual Weight ➝ Overweight$95.00+39.81%
1/30/2024BTIG Research
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 UpgradeNeutral ➝ Buy$85.00+23.22%
12/5/2023BMO Capital Markets
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 Reiterated RatingOutperform$93.00 ➝ $84.00+31.37%
12/5/2023Barclays
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 Boost TargetOverweight ➝ Overweight$95.00 ➝ $100.00+53.70%
11/6/2023CLSA
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 UpgradeSell ➝ Outperform$57.00+17.09%
10/13/2023HSBC
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 Initiated CoverageHold$46.00+1.21%
9/11/2023Berenberg Bank
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 Initiated CoverageBuy$75.00+39.04%
9/6/2023UBS Group
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 DowngradeBuy ➝ Neutral$102.00 ➝ $65.00+10.64%
8/22/2023JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$96.00 ➝ $75.00+30.32%
8/4/2023Credit Suisse Group
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 Reiterated RatingOutperform ➝ Outperform$100.00+53.61%
8/4/2023Stephens
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 Lower TargetOverweight ➝ Overweight$90.00 ➝ $80.00+8.77%
7/28/2023BNP Paribas
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 UpgradeUnderperform ➝ Outperform$95.00+25.38%
7/24/2023Jefferies Financial Group
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 Boost TargetBuy$80.00 ➝ $90.00+19.82%
5/10/2023Bank of America
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 Lower Target$96.00 ➝ $86.00+47.46%
3/24/2023Atlantic Securities
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 DowngradeOverweight ➝ Neutral$95.00 ➝ $70.00+13.12%
1/25/2023Oppenheimer
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 DowngradeOutperform ➝ Market Perform
11/21/2022DA Davidson
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 Lower Target$130.00+112.31%
11/8/2022Macquarie
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 UpgradeNeutral ➝ Outperform$100.00+59.57%
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9/21/2022Sumitomo Mitsui Financial Group
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 DowngradeOutperform ➝ Neutral$120.00 ➝ $70.00+13.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:25 PM ET.

SQ Forecast - Frequently Asked Questions

What is Block's forecast for 2024?

According to the research reports of 35 Wall Street equities research analysts, the average twelve-month stock price forecast for Block is $87.33, with a high forecast of $106.00 and a low forecast of $46.00.

Should I buy or sell Block stock right now?

35 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Block in the last year. There is currently 1 sell rating, 5 hold ratings and 29 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SQ shares.

Does Block's stock price have much upside?

According to analysts, Block's stock has a predicted upside of 26.67% based on their 12-month stock forecasts.

Has Block been upgraded by Wall Street analysts recently?

Over the previous 90 days, Block's stock had 1 upgrade by analysts.

Do Wall Street analysts like Block more than its competitors?

Analysts like Block more than other "business services" companies. The consensus rating score for Block is 2.80 while the average consensus rating score for "business services" companies is 2.64. Learn more on how SQ compares to other companies.


This page (NYSE:SQ) was last updated on 7/24/2024 by MarketBeat.com Staff

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