Cantor Fitzgerald initiated coverage of Block (XYZ) with an Overweight rating and $87 price target With the early innings of Block’s turnaround behind it, momentum is starting to build, as new product initiatives demonstrate that Block’s innovation engine is “firing on all cylinders,” the analyst tells investors in a research note. The firm added that the company’s medium-term guidance was impressive, but now it comes down to execution.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XYZ:
- Block initiated with an Overweight at Cantor Fitzgerald
- Block’s Chief Accounting Officer Resigns; Interim Successor Named
- Block price target raised to $72 from $68 at Truist
- Private Markets: SpaceX interviews banks to lead IPO, Skild AI raises $1.4B
- Michael Burry Sounds the Alarm on Payments Sector – XYZ, PYPL, FOUR