Block price target raised to $60 from $55 at Morgan Stanley
The Fly

Block price target raised to $60 from $55 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Block (SQ) to $60 from $55 and keeps an Underweight rating on the shares. Positive comments around Cash App aren’t translating to better inflow or monetization metrics, and the firm still thinks Block is moving too slowly on credit, the analyst tells investors in a post-earnings note.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App