Benchmark Downgrades Block’s Outlook Amid Strong Price Target Projections

Fintel reports that on May 2, 2025, Benchmark revised its outlook for Block (BIT:1SQ) from Buy to Hold.

Analyst Price Forecast Indicates Potential for Significant Growth

As of April 24, 2025, analysts have set an average one-year price target for Block at €76.13 per share. This forecast ranges from a low of €45.41 to a high of €113.47, reflecting a potential increase of 47.19% from its most recent closing price of €51.72 per share.

Projected Financials and Revenue Growth

Block’s projected annual revenue is expected to reach €28,601 million, marking an increase of 19.49%. Additionally, the projected non-GAAP EPS is estimated at 3.20.

Current Fund Sentiment

There are currently 1,813 funds or institutions holding positions in Block, showing an increase of 126 owners, or 7.47%, over the last quarter. The average portfolio weight for all funds investing in 1SQ is now 0.34%, up by 105.69%. Institutional ownership has grown by 4.72% over the last three months, totaling 458,268K shares.

Institutional Shareholder Movements

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 17,548K shares, representing 3.14% ownership. Previously, the firm reported holding 17,637K shares, indicating a decrease of 0.51%. However, its allocation to 1SQ increased by 24.14% last quarter.

JPMorgan Chase owns 17,237K shares, or 3.08% of the company. Its prior filing showed ownership of 15,888K shares, reflecting an increase of 7.82%. The firm raised its portfolio allocation in 1SQ by 34.59% last quarter.

VIMSX – Vanguard Mid-Cap Index Fund Investor Shares currently holds 12,028K shares, representing 2.15% ownership. This is an increase from 11,757K shares in the previous filing, marking a 2.25% rise in allocation over the last quarter.

Baillie Gifford holds 11,168K shares, or 2.00% of Block, up from 10,233K shares in its last filing, which represents an increase of 8.37%. The firm increased its portfolio allocation in 1SQ by 41.87% over the past quarter.

Sands Capital Management owns 10,340K shares, accounting for 1.85% ownership. This is a decrease from 11,228K shares reported previously, which shows an 8.59% decline. Nonetheless, the firm raised its portfolio allocation in 1SQ by 13.67% over the last quarter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.