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Block (XYZ): New Buy Recommendation for This Technology Giant

Tipranks - Tipranks - Tue Jul 28, 5:10AM CDT

BTIG analyst Andrew Harte maintained a Buy rating on Block today and set a price target of $90.00.

Claim 55% Off TipRanks

According to TipRanks, Harte is an analyst with an average return of -3.3% and a 30.32% success rate. Harte covers the Technology sector, focusing on stocks such as Lightspeed POS Inc, Block, and Strategy.

In addition to BTIG, Block also received a Buy from Truist Financial’s Matthew Coad in a report issued on July 24. However, on July 22, BMO Capital assigned a Hold rating to Block (NYSE: XYZ).

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Based on Block’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.06 billion and a GAAP net loss of $308.68 million. In comparison, last year the company earned a revenue of $5.77 billion and had a net profit of $189.87 million

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