Barclays raised the firm’s price target on Block (SQ) to $112 from $100 and keeps an Overweight rating on the shares. The firm says sector financial technology sentiment “is finally improving” heading into 2025, as valuations appear to be trending back toward average historical levels. As we enter 2025, investors appear to be generally more constructive on fintech names, the analyst tells investors in a research note. Barclays tells investors to “play stocks whose moves are only half finished.”
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Read More on SQ:
- Block upgraded to Buy at Monness Crespi on better positioning
- Block upgraded to Buy from Neutral at Monness Crespi
- Block price target raised to $110 from $100 at Macquarie
- Block price target raised to $105 from $80 at Keefe Bruyette
- Block price target raised to $115 from $96 at BofA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
