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Fly News Breaks for May 2, 2019
SQ
May 2, 2019 | 09:53 EDT
SunTrust analyst Andrew Jeffrey lowered his price target on Square to $65 to reflect its below-consensus Q2 guidance, saying that while he is positive on the company's above-average organic revenue and EBITDA growth, a "significant deceleration" may be coming. The analyst cites "robust competition in new vertical markets" that will demand Square to boost its investment levels on a structural basis and also warns that margin growth may slow as the company goes after larger retailer customers. Jeffrey keeps his Hold rating on Square.
News For SQ From the Last 2 Days
SQ
Apr 19, 2024 | 06:56 EDT
Baird raised the firm's price target on Block to $98 from $95 and keeps an Outperform rating on the shares. The firm expects Q1 EBITDA to beat, and guidance to be likely mildly raised. They like the shares into Q1 results and wouldn't be shocked to see them nicely over $100 in a year.
