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Truist Financial Sticks to Its Buy Rating for Block (XYZ)

Tipranks - Tipranks - Wed Jul 29, 7:02AM CDT

Truist Financial analyst Matthew Coad maintained a Buy rating on Block today and set a price target of $93.00.

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Coad covers the Technology sector, focusing on stocks such as Block, Shift4 Payments, and Fidelity National Info. According to TipRanks, Coad has an average return of -1.5% and a 54.95% success rate on recommended stocks.

In addition to Truist Financial, Block also received a Buy from BTIG’s Andrew Harte in a report issued yesterday. 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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