Raymond James Upgrades Block, Inc. Outlook to Outperform

Analyst upgrades outlook for Block, Inc. to Outperform. Price target suggests a potential 78.26% upside from current levels, with projected revenue and EPS reflecting growth expectations for the upcoming year.

Date: 04-01-2025

AI Rating: 7

Upgrade and Market Sentiment
Raymond James has upgraded Block, Inc. from Market Perform to Outperform, an indication of confidence in the company’s future performance. The analyst price forecast reveals a significant upside potential of 78.26%, suggesting investors might consider this a valuable opportunity.

Projected Revenue and EPS
The projected annual revenue for Block, Inc. stands at $25,257 million, highlighting strong revenue expectations. Furthermore, the projected annual non-GAAP EPS is 3.16, indicating profitability and efficiency in operations. These figures contribute positively to the stock's appeal.

Institutional Interest
There has been an increase in institutional positions within Block, Inc., with the number of funds reporting ownership rising by 25% in the last quarter. The increase in total shares owned by institutions by 30.96% to 10,000 shares reflects growing confidence in the company's prospects. This trend of increasing institutional investment usually is interpreted as a strong vote of confidence in the company’s future performance.

Block Background
Founded in 2009, Block’s services include a comprehensive point of sale solution, inventory tracking, and small business financing, making it a versatile player in the financial technology sector. The company’s expanding operations across North America and Japan suggest potential for further market penetration and revenue growth.

Stocks: SQ