Piper Sandler Sticks to Its Buy Rating for Block (XYZ)
In a report released today, Bill Carcache from Piper Sandler maintained a Buy rating on Block, with a price target of $105.00.
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According to TipRanks, Carcache is a 5-star analyst with an average return of 18.8% and a 70.14% success rate. Carcache covers the Financial sector, focusing on stocks such as American Express, Capital One Financial, and Visa.
In addition to Piper Sandler, Block also received a Buy from Citi’s Bryan Keane in a report issued today. However, on the same day, Clear Street maintained a Hold rating on Block (NYSE: XYZ).
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
Read More on XYZ:
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- Block price target raised to $108 from $105 at KeyBanc
- Block price target raised to $95 from $93 at RBC Capital
- Block price target raised to $98 from $92 at UBS
- Block price target raised to $87 from $82 at Clear Street
- Bryan Keane Reiterates Buy on Block, Citing Strong Growth and Profitability with Unchanged $115 Price Target
