BofA Securities Reiterates Buy Rating on Block Inc. (SQ)

BofA Securities analyst Jason Kupferberg reiterated a Buy rating and $82.00 price target on Block Inc. (NYSE: SQ).

The analyst comments "Yesterday, we hosted a well-attended virtual investor meeting with SQ's IR team. Overall, we conclude that SQ has become re-focused on improving day-to-day execution, especially in the Square (formerly known as Seller) business to drive Square GPV re-acceleration. This remains the most critical metric for shares, and we believe that newer product/go-to-market initiatives should start bearing fruit in 2025. With shares trading at just 4x C25E EV/GP and 10x C25E EV/EBITDA, we believe that SQ is undervalued and that its high-quality business model is underappreciated; we maintain our Buy rating."

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 $64.25 yesterday.

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