Phillip Securities analyst downgraded Block to Accumulate from Buy with a price target of $94, up from $85, post the Q4 report. The firm cites valuation for the downgrade following the recent rally in the shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SQ:
- Block price target raised to $95 from $85 at Macquarie
- Klarna may seek $20B valuation in IPO that could come in Q3, Bloomberg says
- PayPal Stock (NASDAQ:PYPL): Deep Value Hiding in Plain Sight
- Shares of Coinbase are up over 15% amid approaching bitcoin halving
- Block price target raised to $100 from $80 at Argus