Shares of Block Inc (Symbol: SQ) have surpassed the average analyst 12-month target price of $73.87, trading at $74.76 per share. This movement prompts analysts to either reconsider their valuations or adjust target prices based on the company’s progress. The average target is influenced by 31 different analyst estimates, ranging from $46.00 to $110.00, with a standard deviation of $14.571.
Currently, Block Inc has 23 strong buy ratings, 3 buy ratings, 11 hold ratings, and no sell or strong sell ratings, contributing to an average rating of 1.68 (where 1 is strong buy and 5 is strong sell). This reflects a positive outlook as investors consider the potential for further price appreciation against the possibility of a valuation pullback.
