Morgan Stanley analyst James Faucette raised the firm’s price target on Block (SQ) to $65 from $60 and keeps an Underweight rating on the shares. The firm says in a 2025 outlook note that its Attractive payments and processing industry view are based on improving investor sentiment, young consumer preferences, a call for accelerated investment in competitive strengths, more M&A, and easing regulatory scrutiny.
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Read More on SQ:
- Block price target raised to $112 from $100 at Barclays
- 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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
