Block Inc. (SQ) PT Lowered to $85 at Mizuho Securities on growing risks

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Go back to Block Inc. (SQ) PT Lowered to $85 at Mizuho Securities on growing risks

Block's (SQ) response to short report results in mixed reaction from Wall Street analysts

March 30, 2023 2:00 PM EDT

Block (NYSE: SQ) shares rose Thursday after the company spoke out again in response to Hindenburg Research's short report last week.

Hindenburg disclosed a short position in the company and alleged Block inflated user metrics on Cash App and didn't rein in criminal activity by users.

Answering questions on its user... More

Block's (SQ) Cash App service has a significant opportunity, Morgan Stanley says

March 28, 2023 8:40 AM EDT

Morgan 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