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SQBullishAnalyst Ratingnews
High materiality8/10

Block Positioned For Margin Expansion And EPS Growth: Goldman Sachs Analyst

Dec 19, 2024, 1:01 PM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Analyst price target indicates confidence in SQ's growth and profitability, similar to past bullish forecasts.

AI summary

What happened, with direct paths to the underlying reporting

Goldman Sachs reiterates a Buy rating on Block, Inc. SQ at $102 target. Company aims for mid-teens gross profit growth and margin expansion by 2026. SQ benefits from SMB exposure and positive market trends post-election. Cash App shows strong growth potential, backed by go-to-market investments. Bull case anticipates GAAP EPS around $4.17, indicating strong fundamentals.

  • Goldman Sachs reiterates a Buy rating on Block, Inc. SQ at $102 target.
  • Company aims for mid-teens gross profit growth and margin expansion by 2026.
  • SQ benefits from SMB exposure and positive market trends post-election.
  • Cash App shows strong growth potential, backed by go-to-market investments.
  • Bull case anticipates GAAP EPS around $4.17, indicating strong fundamentals.

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