Block (SQ): New Buy Recommendation for This Technology Giant

Barclays analyst Ramsey El Assal maintained a Buy rating on Block (SQResearch Report) on August 5 and set a price target of $130.00. The company’s shares closed last Friday at $87.73.

El Assal covers the Technology sector, focusing on stocks such as WEX, Upstart Holdings, and Argo Blockchain. According to TipRanks, El Assal has an average return of 3.1% and a 51.94% success rate on recommended stocks.

Block has an analyst consensus of Moderate Buy, with a price target consensus of $116.44, representing a 32.73% upside. In a report released on August 5, Bank of America Securities also maintained a Buy rating on the stock with a $106.00 price target.

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The company has a one-year high of $286.52 and a one-year low of $56.01. Currently, Block has an average volume of 18.53M.

Based on the recent corporate insider activity of 297 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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