Block (SQ) Gets a Buy Rating from Mizuho Securities

In a report released today, Dan Dolev from Mizuho Securities maintained a Buy rating on Block (SQResearch Report), with a price target of $190.00. The company’s shares closed last Monday at $134.82.

According to TipRanks.com, Dolev is a 3-star analyst with an average return of 2.0% and a 51.8% success rate. Dolev covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and Robinhood Markets.

Currently, the analyst consensus on Block is a Strong Buy with an average price target of $187.64, implying a 35.6% upside from current levels. In a report issued on March 8, Barclays also maintained a Buy rating on the stock with a $205.00 price target.

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Block’s market cap is currently $78.2B and has a P/E ratio of 445.98.

Based on the recent corporate insider activity of 155 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SQ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 2009, California-based Square, Inc. provides credit card payment processing solutions. The company’s commerce ecosystem offers point-of-sale software and hardware that helps sellers with payment and point-of-sale solutions.

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