Block price target raised to $65 from $60 at Morgan Stanley

Morgan Stanley analyst James Faucette raised the firm’s price target on Block (SQ) to $65 from $60 and keeps an Underweight rating on the shares. The firm says in a 2025 outlook note that its Attractive payments and processing industry view are based on improving investor sentiment, young consumer preferences, a call for accelerated investment in competitive strengths, more M&A, and easing regulatory scrutiny.