BLOCK INC.BLOCK INC.BLOCK INC.

BLOCK INC.

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What's happening today with BLOCK INC.

  • Block's revenue rose 19%, with Bitcoin driving gains and transaction revenue up 6%. Exceeding earnings forecasts, Block raised its yearly profit outlook, boosting shares by nearly 10%.
  • Baird and Needham upped Block's price targets to $100 and $105, while Canaccord set theirs at $95, showing confidence in its growth and performance.
  • Block's shares surged 7.3% to $75.42 premarket as it plans to boost bitcoin holdings, investing 10% of bitcoin product profits monthly, alongside raising its yearly forecast.
What else is happeningWhat else is happening
Next report date
Report period
Q2 2024
EPS estimate
1.27AUD
Revenue estimate
‪9.49 B‬AUD
Market capitalization
‪65.93 B‬AUD
‪14.72 M‬AUD
‪33.02 B‬AUD
Beta (1Y)
2.54

About Block, Inc.

Headquarters
Oakland
Employees (FY)
‪12.99 K‬
Founded
2009
ISIN
AU0000187353
FIGI
BBG013GPHLH6
Block, Inc. engages in creating ecosystems for distinct customer audiences. It operates through the Square and Cash App segments. The Square segment provides businesses the ability to accept card payments. The Cash App segment offers an ecosystem of financial products and services to help consumers manage their money. The company was founded by Jack Patrick Dorsey and James Morgan McKelvey in February 2009 and is headquartered in Oakland, CA.
Performance
Revenue to profit conversion
Debt level and coverage
Earnings
Next:
‪0.00‬

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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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