Fintel reports that on September 9, 2024, New Street Research initiated coverage of Block (XTRA:SQ3) with a Neutral recommendation.
Analyst Price Forecast Suggests 33.18% Upside
As of August 26, 2024, the average one-year price target for Block is 79,40 €/share. The forecasts range from a low of 36,01 € to a high of 93,59 €. The average price target represents an increase of 33.18% from its latest reported closing price of 59,62 € / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Block is 23,801MM, an increase of 1.27%. The projected annual non-GAAP EPS is 2.52.
What is the Fund Sentiment?
There are 1,677 funds or institutions reporting positions in Block. This is an decrease of 58 owner(s) or 3.34% in the last quarter. Average portfolio weight of all funds dedicated to SQ3 is 0.33%, an increase of 19.75%. Total shares owned by institutions increased in the last three months by 6.33% to 441,911K shares.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 17,608K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 17,484K shares , representing an increase of 0.70%. The firm decreased its portfolio allocation in SQ3 by 25.33% over the last quarter.
Jpmorgan Chase holds 14,597K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 8,257K shares , representing an increase of 43.44%. The firm decreased its portfolio allocation in SQ3 by 79.50% over the last quarter.
Sands Capital Management holds 11,510K shares representing 2.07% ownership of the company. In its prior filing, the firm reported owning 11,948K shares , representing a decrease of 3.80%. The firm decreased its portfolio allocation in SQ3 by 22.83% over the last quarter.
Baillie Gifford holds 10,085K shares representing 1.82% ownership of the company. In its prior filing, the firm reported owning 6,921K shares , representing an increase of 31.37%. The firm decreased its portfolio allocation in SQ3 by 56.69% over the last quarter.
Sumitomo Mitsui Trust Holdings holds 8,790K shares representing 1.58% ownership of the company. In its prior filing, the firm reported owning 9,757K shares , representing a decrease of 11.00%. The firm decreased its portfolio allocation in SQ3 by 26.15% over the last quarter.
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