Block Inc. Faces Downgrade from Morgan Stanley Analysts: What It Means for Investors
Thursday, 4 April 2024, 19:38
Block Inc. Stock Downgrade Analysis
Shares of Block, Inc. (SQ) are trading lower as the company faces a downgrade from Morgan Stanley analysts. The stock is rated Underweight from Equal-Weight, with the price target lowered from $62 to $60.
Key Points:
- Rating Change: Morgan Stanley analysts downgraded Block Inc. stock to Underweight.
- Price Target: The price target was revised from $62 to $60.
- Cash App Concerns: Analysts raise doubts about Cash App's growth potential, especially with Gen Z consumers.
Editor's note: This article was written by Nicholas Jacobino
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.