Block price target raised to $110 from $90 at BTIG

BTIG raised the firm’s price target on Block (SQ) to $110 from $90 and keeps a Buy rating on the shares. The firm reiterates Block as its large-cap payments top pick heading into 2025. BTIG tends to favor companies that have “unique sources” of growth beyond net-new customers or year-over-year consumer volume growth. Pockets of fintech should be defensive if there is weak consumer spending, and vice versa, the analyst tells investors in a research note.