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Block positioned to see improved trends within Square, Cash App, says UBS

Block (XYZ) is well-positioned to see improved trends within both the Square and Cash App ecosystems, with Square driven by field sales hiring and Cash App having the potential for upward estimate revisions driven by Pay over time with Afterpay for past purchases on Cash App Card, UBS tells investors in a research note. UBS has a Buy rating and $95 price target on Block shares.

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