Barclays reiterates Overweight rating on Block Inc. (SQ) on share gains

March 20, 2023 5:31 AM EDT
Get Alerts SQ Hot Sheet
Price: $66.15 +0.26%

Rating Summary:
    38 Buy, 16 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 16
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Barclays analyst Ramsey El-Assal reiterated an Overweight rating and $103.00 price target on Block Inc. (NYSE: SQ).

"Our report uses proprietary Barclays transaction data to show that SQ’s Seller business is enjoying long-term market share gains. SQ is holding its own in the highly competitive Restaurant vertical, while leaning into impressive share gains in other categories to keep the overall Seller growth algorithm solidly intact."

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 $73.98 yesterday.

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