Mizuho raised the firm’s price target on Block to $80 from $70 and keeps a Neutral rating on the shares following the Q4 results. The company’s strong EBITDA "is a positive" and investors seeking cost discipline should be pleased with the explicit $1.3B EBITDA guide for 2023, the analyst tells investors in a research note. The firm is "incrementally constructive" on Block’s efforts to boost profitability.
Published first on TheFly
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