Goldman Sachs Reiterates Buy Rating on Block Inc. (SQ) Following Technology Conference

Goldman Sachs analyst Michael Ng reiterated a Buy rating and $134.00 price target on Block Inc. (NYSE: SQ) after CFO, Amrita Ahuja, presented at the Communacopia + Technology Conference.

The analyst commented, "SQ continues to execute against the priorities outlined at its Investor Day including (1) driving inflows into the Cash App ecosystem, with a focus on the company's opportunity in commerce accelerated by the acquisition of Afterpay; and (2) growth in upmarket & international Square merchants through a focus on cross-selling software solutions & a verticalized go-to-market. SQ provided on update on August trends Cash App & Square Seller which were relatively in-line with July trends as disclosed on its 2Q22 earnings call. "

For an analyst ratings summary and ratings history on Block Inc. click here. For more ratings news on Block Inc. click here.

Shares of Block Inc. closed at $69.58 yesterday.

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