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

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

Pre-Open Movers: Tech Stocks Lift After Drubbing, Block Falls on Downgrade

September 14, 2022 9:10 AM EDT

Pre-Open Stock Movers:

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3 Key Reasons Why Evercore ISI Double Downgraded Block (SQ) Stock to Underperform

September 14, 2022 8:13 AM EDT

Evercore ISI analyst David Togut downgraded shares of Block (NYSE: SQ) to Underperform from Outperform, pushing the stock over 5% lower in premarket Wednesday trading.

The analyst also cut the price target by over 50% to $55 to reflect lower estimates for 2023 gross profit and... More

UPDATE: Evercore ISI Double Downgrades Block Inc. (SQ) to Underperform Citing Competition, Credit & Macro Headwinds

September 14, 2022 6:14 AM EDT

(Updated - September 14, 2022 6:14 AM EDT)

Evercore ISI analyst David Togut downgraded Block Inc. (NYSE: SQ) from Outperform to Underperform with a price target of $55.00 (from $120.00).

The analyst comments "We are downgrading SQ to Underperform from Outperform given potentially growing headwinds to its... More