Block Positioned For Margin Expansion And EPS Growth: Goldman Sachs Analyst
SQBLOCK(SQ) Benzinga·2024-12-20 01:36

Goldman Sachs analyst Will Nance reiterated a Buy rating on Block, Inc. SQ with a price target of $102.The analyst said that he hosted a call with Block investor relations, and the company remains committed to achieving Rule of 40 performance by 2026, with mid-teens gross profit growth, margin expansion, and GPV acceleration expected in 2025.SQ’s stock has surged post-election, benefiting from SMB exposure, pro-cyclical trends, deregulation, and crypto market involvement, alongside a previously attractive v ...