Block Re-Focuses On Cash App, 8 Analysts Provide Their Takeaways From Q4 Results

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Block Inc (NYSE: SQ) Thursday reported its fourth-quarter results and issued full-year guidance.

The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.

Keefe, Bruyette & Woods analyst Vasundhara Govil maintained a Market Perform rating, while raising the price target from $74 to $78.
KeyBanc Capital Markets analyst Daniel Perlin reiterated an Outperform rating, while lifting the price target from $77 to $88.
Piper Sandler analyst Kevin Barker reaffirmed an Overweight rating, while raising the price target from $86 to $88.
Truist Securities analyst Andrew Jeffrey maintained a Buy rating, while lifting the price target from $90 to $100.
Mizuho Securities analyst Dan Dolev reiterated a Buy rating and price target of $99.
Wedbush analyst Moshe Katri reaffirmed an Outperform rating and price target of $90.
Oppenheimer analyst Dominick Gabriele maintained a Perform rating on the stock.
William Blair analyst Cristopher Kennedy reaffirmed a Market Perform rating on the stock.

Check out other analyst stock ratings.

Keefe, Bruyette & Woods: “SQ’s results reinforced the upside potential on operating leverage as the company is making solid progress on cost initiatives with potential for more,” Govil wrote in a note. “That said, as we expected, GP growth trends remain somewhat muted relative to expectations,” he added.

While seller gross payment value (GPV) growth decelerated by 2 percentage pints sequentially to 8% year-on-year growth in the fourth quarter, despite easier comps, management expects further deceleration in the first quarter, “in …

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