Analyst Expects 33% Upside, Driven by Strong GPV Growth and Product Innovation

Morning Brief anchors Brad Smith and Madison Mills examine today's top Wall Street analyst calls. RBC Capital has increased its price target on ServiceNow (NOW) to $1,210 per share from $1,045. The firm highlights ServiceNow's potential to monetize generative AI demand through its Pro Plus offering, launched in 2023. Wolfe Research has upgraded pet retailer Chewy (CHWY) to Outperform, pointing to multiple growth drivers: improving customer acquisition, increased net sales, new product initiatives, and planned international expansion. Additionally, Raymond James has raised its rating on Block (SQ) to Outperform with a price target of $115, expressing confidence in the company's growth prospects for 2025. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith

Block (NYSE:SQ) stock is advancing 5% after investment bank Raymond James upgraded its rating on the shares to Outperform from Market Perform in a note to investors earlier today. Block is a leading player in the fintech space. Key Metric Expected to Rebound After researching Block’s business, Raymond James expects the growth of the company’s […]

There’s a lot of bullishness about 2025 – and not just because of the 23% gain in the S&P 500 in this outgoing year. Polling has shown a high level of public confidence that the incoming Trump administration will implement pro-business policies, including deregulation and tax cuts, which are anticipated to further stimulate economic growth. Savita Subramanian, head of US equity strategy at Bank of America, has been closely monitoring the situation. On the macro picture, Subramanian aligns with B

Here are three stocks you should feel comfortable owning for the rest of your life.

Goldman Sachs analyst Will Nance reiterated a Buy rating on Block, Inc. (NYSE:SQ) with a price target of $102. The analyst said that he hosted a call with Block investor relations, and the company remains committed to achieving Rule of 40 performance by 2026, with mid-teens gross profit growth, margin expansion, and GPV acceleration expected in 2025. SQ’s stock has surged post-election, benefiting from SMB exposure, pro-cyclical trends, deregulation, and crypto market involvement, alongside a pr

Block's expanding partner base and strong positioning in the digital payments industry are driving prospects despite stiff competition and stretched valuation.

Investing.com -- Oppenheimer analysts hiked their Block Inc (NYSE:SQ) stock rating to Outperform from Perform and set a new price target of $115, suggesting a 32% upside potential from the Wednesday closing price.

We recently published a list of 10 Companies Hoarding Bitcoin Like There’s No Tomorrow. In this article, we are going to take a look at where Block, Inc. (NYSE:SQ) stands against other companies hoarding bitcoin like there’s no tomorrow. Cryptocurrencies have been surging since the beginning of the year. After a small drop in January, […]

Investing.com -- Block Inc (NYSE:SQ), formerly known as Square, is a new best idea at Bernstein. In a Wednesday note, the investment firm highlighted several catalysts that could drive the company's growth through 2025.

OAKLAND, Calif., December 18, 2024--Today, Square announced a new partnership with Sysco, a leading global foodservice distributor, along with a number of new features to help food and beverage sellers run their businesses with ease.

Barclays raised the firm’s price target on Block (SQ) to $112 from $100 and keeps an Overweight rating on the shares. The firm says sector financial technology sentiment “is finally improving” heading into 2025, as valuations appear to be trending back toward average historical levels. As we enter 2025, investors appear to be generally more constructive on fintech names, the analyst tells investors in a research note. Barclays tells investors to “play stocks whose moves are only half finished.”

We recently compiled a list of the 10 Best Digital Currency and Payments Stocks To Invest In. In this article, we are going to take a look at where Block Inc. (NYSE:SQ) stands against the other digital currency and payments stocks. The Digital Payment Revolution: Growth Trends and Insights The digital currency and payments sector […]

Investors are likely familiar with Block (NYSE: SQ), the budding payments and technology enterprise. It caters to merchants with its Square platform, while Cash App targets individuals. Investors looking to invest in Block while it's still down should know these three things first.

LexisNexis Risk Solutions Vice President of Credit Risk Kevin King joins Wealth to discuss the rising trend of buy now, pay later (BNPL) platforms. King notes that BNPL platforms are "changing the way consumers are thinking about credit" by "creating more affordable rates" for retail purchases. However, he cautions that this approach may be "doing some harm in terms of encouraging unsustainable purchasing habits," potentially allowing consumers to "get in over their heads very quickly." LexisNexis data reveals a 20% increase in BNPL usage from November 2023 to November 2024, with the growth primarily accelerating during the Black Friday/Cyber Monday weekend. Notably, this expansion is not driven by new users, but instead by existing customers. King points out 94% of the growth comes from consumers who wanted "to find more and more ways to leverage that financial tool." "It's clear that once consumers develop an affinity and familiarity with these tools, they're using them again and again, retail season or not," he tells Yahoo Finance, noting that there has been a rise in grocery and auto purchases on these platforms. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith

We recently published a list of 10 Best Bitcoin and Blockchain Stocks To Buy Right Now. In this article, we are going to take a look at where Block, Inc. (NYSE:SQ) stands against other best bitcoin and blockchain stocks to buy. Crypto Market Updates: Where is Bitcoin Heading? While Donald Trump had revealed his plans […]

As the U.S. stock market takes a breather from its recent rally, investors are keenly watching for the upcoming jobs report and its potential impact on future economic policies. In this environment, growth companies with high insider ownership can be particularly appealing, as they often align management's interests with those of shareholders, potentially offering resilience and commitment in uncertain times.

Nvidia stock continues to float near its buy zone as Disney sets up. But Credo Technology is the real star of this breakout show.

Cyber Monday spending via buy now, pay later hit a record in the U.S., which could further fuel investor hype for these digital payments.