Block shares slip after crypto winter dampens quarterly results

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Block Inc. (SQ) PT Raised to $105 at Jefferies

August 5, 2022 8:30 AM EDT

Jefferies analyst Trevor Williams raised the price target on Block Inc. (NYSE: SQ) to $105.00 (from $85.00) while maintaining a Buy rating.

The analyst commented, "We believe there are two key tenets to the L-T bull case: 1) sustainable 20%+ gross profit growth, and 2)... More