Fintel reports that on July 18, 2024, William Blair upgraded their outlook for Block (NYSE:SQ) from Market Perform to Outperform.
Analyst Price Forecast Suggests 27.96% Upside
As of July 4, 2024, the average one-year price target for Block is $91.94/share. The forecasts range from a low of $40.40 to a high of $111.30. The average price target represents an increase of 27.96% from its latest reported closing price of $71.85 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Block is 24,738MM, an increase of 8.11%. The projected annual non-GAAP EPS is 2.62.
What is the Fund Sentiment?
There are 1,734 funds or institutions reporting positions in Block. This is an increase of 69 owner(s) or 4.14% in the last quarter. Average portfolio weight of all funds dedicated to SQ is 0.41%, an increase of 8.72%. Total shares owned by institutions decreased in the last three months by 1.87% to 431,388K shares. 
The put/call ratio of SQ is 0.67, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 17,484K shares representing 2.82% ownership of the company. In its prior filing, the firm reported owning 17,397K shares , representing an increase of 0.50%. The firm increased its portfolio allocation in SQ by 0.19% over the last quarter.
Capital World Investors holds 13,097K shares representing 2.11% ownership of the company. In its prior filing, the firm reported owning 12,514K shares , representing an increase of 4.45%. The firm increased its portfolio allocation in SQ by 6.49% over the last quarter.
Sands Capital Management holds 11,948K shares representing 1.93% ownership of the company. In its prior filing, the firm reported owning 13,749K shares , representing a decrease of 15.08%. The firm decreased its portfolio allocation in SQ by 12.56% over the last quarter.
ARK Investment Management holds 10,054K shares representing 1.62% ownership of the company. In its prior filing, the firm reported owning 11,888K shares , representing a decrease of 18.23%. The firm increased its portfolio allocation in SQ by 8.16% over the last quarter.
Sumitomo Mitsui Trust Holdings holds 9,757K shares representing 1.57% ownership of the company. In its prior filing, the firm reported owning 10,378K shares , representing a decrease of 6.36%. The firm decreased its portfolio allocation in SQ by 4.54% over the last quarter.
Block Background Information
(This description is provided by the company.)
Square, Inc. builds tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in person, and to manage their business. Square has offices in the United States, Canada, Japan, Australia, Ireland, Spain and the UK.
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