Block Inc (SQ)

[Th_EO]

Jack Dorsey's Block is building a sci-fi-style crypto wallet to keep Bitcoin safe.

[eastunder]

KeyBanc Adjusts Block's Price Target to $85 From $75, Keeps Overweight Rating
9:02 AM ET, 07/18/2023 - MT Newswires
09:02 AM EDT, 07/18/2023 (MT Newswires) -- Block (SQ) has an average rating of outperform and price targets ranging from $34.98 to $147, according to analysts polled by Capital IQ.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

[eastunder]

Block Poised for Q2 Beat Amid 'Steady' Square Growth, Cash App Momentum, UBS Says

11:11 AM EDT, 07/18/2023 (MT Newswires) -- Block (SQ) is likely to report better-than-expected Q2 results on the back of "steady Square growth and continued Cash App momentum," UBS Securities said Tuesday in a report.

The payments company is scheduled to release results Aug. 3 with UBS projecting gross profit to increase 24% to $1.82 billion, or 1% above market expectations. Cash App gross profit is expected to jump 35%, with Square seen up 14%, UBS said.

"The Square business could be impacted by a broader slowdown in consumer spending but can still deliver low-teens gross profit growth," UBS analysts, including Rayna Kumar, said in the report. "Ongoing adoption of Cash App's range of products should stimulate solid monthly transacting user and inflows per active expansion and drive mid-30's gross profit growth."

UBS reiterated its buy rating on Block.

[Stockpile4u]

Block: Positive micro and macro variables may push the stock higher - $SQ is aiming for margin recovery and profitability, with a rebound in adjusted EPS and a higher valuation in FY2023. Growth potential and lower inflation expectations support the company's growth outlook.

[DiscoverGold]

Block, Inc. $SQ Like soo many names hot and extended here. Huge move. 78 next resistance, but way off the 8D, watch for a reconnect with it
By: Options Mike | July 16, 2023

• $SQ Like soo many names hot and extended here. Huge move. 78 next resistance, but way off the 8D, watch for a reconnect with it.



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DiscoverGold

[SmokyStock]

Block, Inc. ($SQ) shareholders are pleased with a 20% increase in the share price in the last month. However, the company's returns over the past three years have been less than pleasing, with a 37% drop. The recent 13% increase may be a positive sign, but historical fundamentals must be considered.

[Th_EO]

Block has demonstrated strong growth, and its valuation has improved, but concerns about the macroenvironment, the competition, and its Cash App business metrics persist.

[DiscoverGold]

Block $SQ Inching closer to that unfilled gap from March...
By: TrendSpider | July 10, 2023

• $SQ Inching closer to that unfilled gap from March...



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DiscoverGold

[DiscoverGold]

Block, Inc. $SQ Broke out on Wednesday, and couldn't' hold it. Still holding strong here
By: Options Mike | July 9, 2023

• $SQ Broke out on Wednesday, and couldn't' hold it. Still holding strong here, like it over 68 area still, we'll see.



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DiscoverGold

[DiscoverGold]

Block Inc. $SQ Patiently waiting for Stage 2 to begin...
By: TrendSpider | July 8, 2023

• $SQ Patiently waiting for Stage 2 to begin...



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DiscoverGold

[DiscoverGold]

Block $1.0 Million Call • Strike: 67.5 • Expiration: 8/18/23
By: Cheddar Flow | July 7, 2023

• $SQ $1.0M OTM Call

Strike: 67.5
Expiration: 8/18/23

*At the Ask*



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DiscoverGold

[DiscoverGold]

Block Inc. $SQ has a 100% win rate in July. Just FYI ....
By: BlueMoonTrades | July 5, 2023

• $SQ has a 100% win rate in July. Just FYI ....

This ticker is not worth ignoring at this point.



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DiscoverGold

[SmokyStock]

Block is committed to improving the seller experience by providing creative solutions. They recently launched the Square Credit Card, which is now in beta testing on the American Express network. This card is intended to give merchants more freedom in their spending choices.

[DiscoverGold]

Block Inc. $SQ Above ~$68 and this party might really get started for Block...
By: TrendSpider | July 3, 2023

• $SQ Above ~$68 and this party might really get started for Block...



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DiscoverGold

[DiscoverGold]

Block, Inc. $SQ Over the 200D and right to the 100D, on the verge of breaking out. 68 needs to clear to be sure
By: Options Mike | July 1, 2023

• $SQ Over the 200D and right to the 100D, on the verge of breaking out. 68 needs to clear to be sure.



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DiscoverGold

[DiscoverGold]

Block (SQ) Price Target Cut to $80.00 by Analysts at Truist Financial
By: MarketBeat | June 24, 2023

• Block (NYSE:SQ) had its target price lowered by analysts at Truist Financial from $105.00 to $80.00 in a research note issued on Friday, The Fly reports. Truist Financial's price objective indicates a potential upside of 28.06% from the company's current price...

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DiscoverGold

[DiscoverGold]

Block Inc. (SQ) Stage 2 incoming?
By: TrendSpider | June 19, 2023

• $SQ Stage 2 incoming?



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DiscoverGold

[DiscoverGold]

Block, Inc. $SQ Finally closed over the 200D, on watch this week now to see if can break to the upside. 70.50 area next target
By: Options Mike | June 19, 2023

• $SQ Finally closed over the 200D, on watch this week now to see if can break to the upside.

70.50 area next target



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DiscoverGold

[perry3412]

This is looking good and should start turning around from its slump. It dropped way more than it should have, mainly because of the short interest. Load up now before you miss a great investing opportunity. Their subscriber rates have exponentially increased, and it will reflect in their next earnings report.

[DiscoverGold]

Bank of New Hampshire Invests $1.23 Million in Block, Inc. (SQ)
By: MarketBeat | June 16, 2023

• Bank of New Hampshire acquired a new position in shares of Block, Inc. (NYSE:SQ) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,863 shares of the technology company's stock, valued at approximately $1,226,000...

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DiscoverGold

[Th_EO]

Block is projected to report earnings of $0.37 per share, which would represent year-over-year growth of 105.56%.

[DiscoverGold]

Block $SQ One of the more bullish looking setups heading into next week!
By: TrendSpider | June 16, 2023

• $SQ One of the more bullish looking setups heading into next week!



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DiscoverGold

[DiscoverGold]

Block, Inc. (SQ) Spent the week fighting the 200D, couldn't hold it so far. See if the 8D holds
By: Options Mike | June 11, 2023

• $SQ Spent the week fighting the 200D, couldn't hold it so far. See if the 8D holds.



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DiscoverGold

[DiscoverGold]

Cathie Wood & Ark Invest's Buys 78,208 More Shares of Block Inc. (SQ)
By: Ark Invest Daily | June 8, 2023

• Cathie Wood and Ark Invest's trade activity from today 6/8.



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DiscoverGold

[DiscoverGold]

Cathie Wood & Ark Invest's Buys 227,365 More Shares of Block Inc. (SQ)
By: Ark Invest Daily | June 7, 2023

• Cathie Wood and Ark Invest's trade activity from today 6/7.



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DiscoverGold

[DiscoverGold]

Block $SQ Falling wedge breakout, retest & bounce as #GoNoGo coloring flips bullish for the first time in 3 months!
By: TrendSpider | June 6, 2023

• $SQ Falling wedge breakout, retest & bounce as #GoNoGo coloring flips bullish for the first time in 3 months!



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DiscoverGold

[perry3412]

While the stock has risen 7.6% in the past week but long term shareholders are still in the red

[DiscoverGold]

Block, Inc. (SQ) Back under all the MA's again. this name can't sustain much of bounce right now
By: Options Mike | May 29, 2023

• $SQ back under all the MA's again. this name can't sustain much of bounce right now.



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DiscoverGold

[DiscoverGold]

Block, Inc. (SQ) FinTech not the pace to be right now.. 52W low back in play
By: Options Mike | May 14, 2023

• $SQ FinTech not the pace to be right now.. 52W low back in play.



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DiscoverGold

[DiscoverGold]

Cathie Wood & Ark Invest's Buys 31,629 More Shares of Block Inc. (SQ)
By: Ark Invest Daily | May 8, 2023

• Cathie Wood and Ark Invest's trade activity from today 5/8.



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DiscoverGold

[DiscoverGold]

Block, Inc. (SQ) I liked the report, that said Mr. Market disagrees with me. They didn't do anything to refute Hindenburg..
By: Options Mike | May 7, 2023

• $SQ I liked the report, that said Mr. Market disagrees with me. They didn't do anything to refute Hindenburg.. still. Can't hold over the 8D, until it does likely bleed down.



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DiscoverGold

[DiscoverGold]

Cathie Wood & Ark Invest's Buys 544,277 More Shares of Block Inc. (SQ)
By: Ark Invest Daily | May 5, 2023

• Cathie Wood and Ark Invest's trade activity from today 5/5.



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DiscoverGold

[DiscoverGold]

9,103 Shares in Block, Inc. (SQ) Acquired by Knowledge Leaders Capital LLC
By: MarketBeat | May 3, 2023

• Knowledge Leaders Capital LLC acquired a new position in Block, Inc. (NYSE:SQ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,103 shares of the technology company's stock, valued at approximately $572,000...

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DiscoverGold

[DiscoverGold]

Block $SQ Earnings Are Out:
By: StockMKTNewz | May 4, 2023

• SQUARE $SQ EARNINGS ARE OUT

EPS of $0.40 beating expectations of $0.31
Revenue of $4.99B beating expectations of $4.6B

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DiscoverGold

[SmokyStock]

Block is trying to balance profitability with long-term ecosystem investments, but the C-suite has suggested that these investments should not take up more than 2-3% of Block's operating expenses. This strategy is aimed at ensuring financial stability and expanding its reach and influence in the music industry.

[Wealthy VC]

FED hiked rates by 25bps!

Here's what we need to know:

The Federal Reserve’s interest rate decision has been widely anticipated (aka pretty obvious), with the market predicting a near-certain quarter percentage point increase. This marks the 10th hike since March 2022, bringing the benchmark borrowing rate to a target range of 5%-5.25%.

However, the real challenge for investors is gonna be determining the Fed’s next steps: will it pause rate hikes, or continue tightening if needed to combat inflation? The FED delivering a smaller rate hike, flags a possible pause in tightening cycle: https://wealthyvc.com/business-news/the-impac...sion-live/

[DiscoverGold]

Earnings Preview: Block Inc. (NYSE: SQ)
By: 24/7 Wall St. | May 3, 2023

• Here is a look at two companies set to report results after U.S. markets close on Thursday.

Block

Over the past 12 months, Block Inc. (NYSE: SQ) has seen its share price fall by about 44%, including a decline of 8.1% since the beginning of the year. Since posting a 52-week low in early November, the shares have risen about 12.5%.

In late March, short seller Hindenburg Research issued a report on Block accusing the Jack Dorsey-led firm once known as Square of having “systematically taken advantage of the demographics it claims to be helping.” Block’s stock dropped nearly 15% on the day the report was released and has never recovered. The shares are down more than 20% since the report dropped. According to Fintel data, just 5.4% of Block’s float is sold short.

Analysts remain mostly bullish on the shares, with 32 of 45 brokerages having a rating of Buy or Strong Buy. Another 11 rate the stock at Hold. At a price of about $57.80 a share, the upside potential based on a median price target of $93.00 is 60.1%. At the high price of $150.00, the upside potential is almost 160%.

First-quarter revenue is forecast at $4.6 billion, up 54% sequentially and by 16.2% year over year. Adjusted EPS are expected to come in at $0.34, down 29% sequentially but up 88.9% year over year. For the full 2023 fiscal year, estimates call for EPS of $1.72, up 71.8%, on sales of $20.05 billion, up 14.4%.

Block’s shares trade at 33.5 times expected 2023 EPS, 23.7 times estimated 2024 earnings of $2.43 and 17.6 times estimated 2025 earnings of $3.27 per share. The stock’s 52-week range is $51.34 to $108.00. Block does not pay a dividend. The total shareholder return for the past year was negative 45.58%.

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DiscoverGold

[perry3412]

SQ starts off the week trading as it did in the prior two trading sessions, dipping into the $50s but managing to close at about $60.00. Still, SQ did print a new closing low in the Hindenburg era.

[Th_EO]

For the next fiscal year, the consensus earnings estimate of $2.31 indicates a change of +41.4% from what Block was expected to report a year ago. Over the past month, the estimate has changed by -0.7%.

[Th_EO]

For the next fiscal year, the consensus earnings estimate of $2.31 indicates a change of +41.4% from what Block was expected to report a year ago. Over the past month, the estimate has changed by -0.7%.

[DiscoverGold]

Block, Inc. (SQ) Continues to fail at the 8D for the last week. Slow drift down right now
By: Options Mike | April 23, 2023

• $SQ Continues to fail at the 8D for the last week. Slow drift down right now.



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DiscoverGold

[DiscoverGold]

Block, Inc. (SQ) Shares Bought by Fisher Asset Management LLC
By: MarketBeat | April 21, 2023

• Fisher Asset Management LLC lifted its holdings in Block, Inc. (NYSE:SQ) by 148.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,359,972 shares of the technology company's stock after purchasing an additional 6,791,842 shares during the period. Fisher Asset Management LLC owned about 1.90% of Block worth $713,861,000 at the end of the most recent reporting period...

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DiscoverGold

[perry3412]

Block will be looking to display strength as it nears its next earnings release, which is expected to be on May 4, 2023. The company is expected to report EPS of $0.31, up 72.22% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.58 billion, up 15.54% from the prior-year quarter.

[DiscoverGold]

Block, Inc. (SQ) Trapped back under the 8D, breaks 82.5 recent lows back in play
By: Options Mike | April 16, 2023

• $SQ Trapped back under the 8D, breaks 82.5 recent lows back in play.



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DiscoverGold

[DiscoverGold]

Block (SQ) Stock Tumbles After Downgrade
By: Schaeffer's Investment Research | April 10, 2023

• KBW downgraded SQ to "market perform" from "market outperform"

• Year-over-year, SQ is down more than 46%

Block Inc (NYSE:SQ) is off by 3.3% to trade at $65.85 this morning, after KBW downgraded the Cash App parent to "market perform" from "outperform" and cut its price target by $15 to $75.

The analyst noted a number of risks the payment platform is facing, including more competition and potential regulatory scrutiny. According to KBW, these headwinds could keep investors on their toes over the next year.

On the charts, Square stock is holding onto its year-to-date breakeven level, but is more than 46% lower over the last 12 months. Nevertheless, analysts remain bullish towards SQ coming into today; of the 27 covering brokerages, 18 rated the equity a "buy" or better.

What's more, the 12-month consensus target price of $94.35 is a 42.7% premium to current levels, which could mean more price targets could come through if SQ continues to struggle.

Those looking to speculate with options can do so for a bargain at the moment. This is per the security's Schaeffer's Volatility Index (SVI) of 54% that ranks higher than just 2% of annual reading, which implies options traders are pricing in low volatility expectations at the moment.

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DiscoverGold

[DiscoverGold]

Block, Inc. (SQ) The 21D was resistance, needs to clear that then maybe the 50D in play
By: Options Mike | April 8, 2023

• $SQ The 21D was resistance, needs to clear that then maybe the 50D in play.

Though it was vulnerable last week., Under 65 can drop back to lows.



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DiscoverGold

[perry3412]

Block, Inc. (SQ) will release financial results for the first quarter of 2023 on Thursday, May 4, 2023, after the market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time and 5:00 p.m. Eastern Time on the same day to discuss these results.

[DiscoverGold]

Block, Inc. (SQ) CMF shows money flowing out. If it fills that gap and market is weak could be a nice short
By: Options Mike | April 2, 2023

• $SQ Their second defense wasn't much better. CMF shows money flowing out. If it fills that gap and market is weak could be a nice short.

If not 50D is your next level.



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DiscoverGold

[DiscoverGold]

Cathie Wood & Ark Invest's Buys 7,591 More Shares of Block Inc. (SQ)
By: Ark Invest Daily | March 30, 2023

• Cathie Wood and Ark Invest's trade activity from today 3/30.



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DiscoverGold

[perry3412]

If there was no short report today, SQ would fall 10% on the news about the new Apple Pay Later service, as Affirm did.