Block Inc. (SQ) PT Lowered to $70 at Morgan Stanley
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- S&P 500, Nasdaq futures tick up as tech steadies, Micron earnings eyed
- Brent extends losses on expectations of smoother crude flows via Hormuz
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Block's (SQ) Cash App service has a significant opportunity, Morgan Stanley says
March 28, 2023 8:40 AM EDTMorgan Stanley cut its price target on Block (NYSE: SQ) to $70 from $72 per share in a note Tuesday, but analyst James Faucette said they believe the company's Cash App service "has a significant opportunity to be a sizable financial institution."
Faucette, who has an Equal-Weight rating on Block, believes that "Cash App is a bank for Millennials and Gen Z."
Last... More
