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.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio