Block (XYZ) is well-positioned to see improved trends within both the Square and Cash App ecosystems, with Square driven by field sales hiring and Cash App having the potential for upward estimate revisions driven by Pay over time with Afterpay for past purchases on Cash App Card, UBS tells investors in a research note. UBS has a Buy rating and $95 price target on Block shares.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XYZ:
- Crypto Currents: Bitcoin ETF hopes soar while JPMorgan cools on solana hype
- Strategic Advancements and Growth Potential Drive Buy Rating for Block
- Buy Rating for Block Driven by Platform Enhancements and Growth Potential
- Square introduces bitcoin payment tools for local businesses
- Alphabet, Micron, Block, Costco, Eli Lilly: Major Stock Moves Unveiled!