The upward revision in Block’s consensus price target is primarily driven by stronger projected revenue growth and a higher future P/E multiple, raising the fair value estimate from $75.72 to $82.40.
What's in the News
- Cash App introduced "pools," a new group payment feature supporting contributions via Cash App, Apple Pay, and Google Pay, with phased rollout planned.
- Block, Inc. was added to the S&P 500, S&P 500 Equal Weighted, S&P 500 Value, S&P 500 Growth, S&P 500 Financials, S&P 500 Financial Services, S&P Composite 1500, and S&P Global 1200 indices.
- Block, Inc. was dropped from the Russell Small Cap Comp Value and Growth Indices.
- Square launched Square Handheld, a lightweight, portable point-of-sale device, expanding operations in the UK and North America, bundled with industry-specific features and Belkin protective cases.
- Square expanded its partnership with Live Nation Canada, becoming the exclusive point-of-sale and payments provider across Live Nation venues and festivals, including the new Rogers Stadium.
Valuation Changes
Summary of Valuation Changes for Block
- The Consensus Analyst Price Target has risen from $75.72 to $82.40.
- The Consensus Revenue Growth forecasts for Block has significantly risen from 9.7% per annum to 11.3% per annum.
- The Future P/E for Block has significantly risen from 23.83x to 26.25x.
Disclaimer
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