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Fly News Breaks for February 27, 2020
SQ
Feb 27, 2020 | 09:05 EDT
As previously reported, Canaccord analyst Joseph Vafi upgraded Square to Buy from Hold with a price target of $90, up from $64. In a note partially titled "Cash App on a tear," Vafi said that momentum in the consumer side of Square's business is quickly moving it to "center stage," even though the company remains predominantly "seller-centric." He thinks viral growth in the Cash App, along with increased monetization per user, could drive the consumer business to become an equal contributor to the P&L just a few years from now, Vafi tell investors.
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.
