Block Inc. (SQ) PT Raised to $94 at BMO Capital

BMO Capital analyst Rufus Hone raised the price target on Block Inc. (NYSE: SQ) to $94.00 (from $92.00) while maintaining a Outperform rating.

The analyst commented, "We view SQ’s 3Q results as relatively in-line, although 4Q guidance was slightly softer-than-expected (contrasting with recent quarters) and 2025 guidance was roughly in line (albeit we view the guide as conservative). While Square's US GPV growth decelerated sequentially, we were encouraged by guidance for a modest improvement in 4Q and further acceleration in 2025; SQ has made steady progress towards rectifying issues at Square (across product, reliability, onboarding, distribution). We raise out-year EPS estimates ~2% (reflecting higher gross profit growth), and increase our target to $94 (was $92)."

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