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Analysts Conflicted on These Technology Names: Block (SQ) and Spotify Technology SA (SPOT)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Block (SQResearch Report) and Spotify Technology SA (SPOTResearch Report).

Block (SQ)

In a report issued on July 24, Bryan Keane from Deutsche Bank reiterated a Buy rating on Block, with a price target of $155.00. The company’s shares closed last Tuesday at $66.39, close to its 52-week low of $56.01.

According to TipRanks.com, Keane is a 5-star analyst with an average return of 9.1% and a 59.0% success rate. Keane covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and AvidXchange Holdings.

Block has an analyst consensus of Strong Buy, with a price target consensus of $120.97, a 75.1% upside from current levels. In a report issued on July 12, Wolfe Research also maintained a Buy rating on the stock with a $90.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Spotify Technology SA (SPOT)

In a report released yesterday, Benjamin Black CFA from Deutsche Bank maintained a Hold rating on Spotify Technology SA, with a price target of $115.00. The company’s shares closed last Tuesday at $103.97, close to its 52-week low of $89.03.

According to TipRanks.com, CFA is a 1-star analyst with an average return of -5.8% and a 32.0% success rate. CFA covers the Technology sector, focusing on stocks such as Alphabet Class C, Alphabet Class A, and Meta Platforms.

Currently, the analyst consensus on Spotify Technology SA is a Moderate Buy with an average price target of $143.05.

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