Block (SQ) Stock Forecast, Price Target & Predictions
SQ Stock Forecast
Block stock forecast is as follows: an average price target of $129.50 (represents a 44.37% upside from SQ’s last price of $89.70) and a rating consensus of 'Buy', based on 37 wall street analysts offering a 1-year stock forecast.
SQ Price Target
The average price target for Block (SQ) is $129.50 based on 1-year price targets from 37 Wall Street analysts in the past 3 months, with a price target range of $340.00 to $55.00. This represents a potential 44.37% upside from SQ's last price of $89.70.
SQ Analyst Ratings
According to 37 Wall Street analysts, Block's rating consensus is 'Buy'. The analyst rating breakdown for SQ stock is 0 'Strong Buy' (0.00%), 27 'Buy' (72.97%), 9 'Hold' (24.32%), 1 'Sell' (2.70%), and 0 'Strong Sell' (0.00%).
Block Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 08, 2024 | Rufus Hone | BMO Capital | $94.00 | $72.30 | 30.01% | 4.79% |
| Oct 21, 2024 | Trevor Williams | Williams Trading | $90.00 | $74.66 | 20.55% | 0.33% |
| Oct 14, 2024 | Darrin Peller | Wolfe Research | $85.00 | $69.70 | 21.95% | -5.24% |
| Sep 09, 2024 | Soomit Datta | New Street | $70.00 | $61.24 | 14.30% | -21.96% |
| Aug 16, 2024 | Jason Kupferberg | Bank of America Securities | $82.00 | $65.87 | 24.49% | -8.58% |
| Aug 02, 2024 | Charles Nabhan | Stephens | $90.00 | $60.01 | 49.98% | 0.33% |
| Aug 02, 2024 | Daniel Perlin | RBC Capital | $88.00 | $60.01 | 46.64% | -1.90% |
| Aug 02, 2024 | Rufus Hone | BMO Capital | $93.00 | $58.76 | 58.27% | 3.68% |
| Jul 26, 2024 | Trevor Williams | Williams Trading | $100.00 | $60.18 | 66.17% | 11.48% |
| Jul 12, 2024 | Bryan Keane | Deutsche Bank | $98.00 | $66.49 | 47.39% | 9.25% |
The latest Block stock forecast, released on Nov 08, 2024 by Rufus Hone from BMO Capital, set a price target of $94.00, which represents a 30.01% increase from the stock price at the time of the forecast ($72.30), and a 4.79% increase from SQ last price ($89.70).
Block Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 4 | 26 |
| Avg Price Target | $92.00 | $84.75 | $90.96 |
| Last Closing Price | $89.70 | $89.70 | $89.70 |
| Upside/Downside | 2.56% | -5.52% | 1.40% |
In the current month, the average price target of Block stock is $92.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 2.56% increase as opposed to Block's last price of $89.70. This month's average price target is up 8.55% compared to last quarter, and up 1.14% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 11, 2024 | Bernstein | Outperform | Outperform | Hold |
| Oct 23, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Oct 21, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Oct 21, 2024 | Wells Fargo | Buy | Buy | Hold |
| Oct 21, 2024 | Jefferies | Buy | Buy | Hold |
| Oct 18, 2024 | Citigroup | Buy | Buy | Hold |
| Oct 14, 2024 | Wolfe Research | Outperform | Outperform | Hold |
| Oct 01, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Oct 01, 2024 | UBS | Underperform | Underperform | Hold |
| Sep 09, 2024 | New Street | - | Neutral | Initialise |
Block's last stock rating was published by Bernstein on Nov 11, 2024. The company gave SQ a "Outperform" rating, the same as its previous rate.
Block Financial Forecast
Block Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.62B | $5.53B | $4.99B | $4.65B | $4.52B | $4.40B | $3.96B | $4.08B | $3.84B |
| Avg Forecast | $9.39B | $9.02B | $9.23B | $8.98B | $8.70B | $8.34B | $8.51B | $8.26B | $7.83B | $7.61B | $7.55B | $7.19B | $7.02B | $6.76B | $6.77B | $6.45B | $6.24B | $6.24B | $6.27B | $5.83B | $5.70B | $5.41B | $5.10B | $4.59B | $4.63B | $4.49B | $4.33B | $4.14B | $4.04B | $4.39B |
| High Forecast | $10.08B | $9.68B | $9.91B | $9.63B | $9.33B | $8.96B | $9.13B | $8.87B | $8.40B | $8.17B | $8.11B | $7.72B | $7.53B | $7.25B | $7.27B | $6.86B | $6.69B | $6.25B | $6.27B | $5.83B | $6.25B | $5.76B | $5.48B | $4.93B | $4.97B | $4.49B | $4.33B | $4.14B | $4.04B | $4.39B |
| Low Forecast | $8.67B | $8.32B | $8.51B | $8.28B | $8.02B | $7.70B | $7.85B | $7.62B | $7.22B | $7.02B | $6.97B | $6.63B | $6.47B | $6.23B | $6.25B | $5.97B | $5.85B | $6.23B | $6.27B | $5.83B | $5.43B | $4.98B | $4.71B | $4.24B | $4.27B | $4.49B | $4.33B | $4.14B | $4.04B | $4.39B |
| # Analysts | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 15 | 17 | 15 | 6 | 6 | 12 | 28 | 14 | 21 | 20 | 13 | 13 | 16 | 17 | 25 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.08% | 1.09% | 1.01% | 1.00% | 1.02% | 0.96% | 1.01% | 0.88% |
Block's average Quarter revenue forecast for Dec 23 based on 12 analysts is $5.70B, with a low forecast of $5.43B, and a high forecast of $6.25B. SQ's average Quarter revenue forecast represents a 1.42% increase compared to the company's last Quarter revenue of $5.62B (Sep 23).
Block EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 15 | 17 | 15 | 6 | 6 | 12 | 28 | 14 | 21 | 20 | 13 | 13 | 16 | 17 | 25 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-9.91M | $-132.11M | $87.00M | $-10.88M | $60.35M | $-68.21M | $-123.26M | $-18.18M | $52.06M |
| Avg Forecast | $356.48M | $342.21M | $350.18M | $340.62M | $329.99M | $316.60M | $322.82M | $313.56M | $297.13M | $288.83M | $286.60M | $272.85M | $266.29M | $256.42M | $256.86M | $244.82M | $236.65M | $236.64M | $237.98M | $-88.81M | $216.20M | $205.41M | $193.64M | $-80.73M | $-15.46M | $54.47M | $52.48M | $-73.39M | $49.00M | $53.17M |
| High Forecast | $382.64M | $367.32M | $375.87M | $365.61M | $354.21M | $339.83M | $346.51M | $336.57M | $318.93M | $310.02M | $307.63M | $292.87M | $285.82M | $275.23M | $275.71M | $260.34M | $253.94M | $236.99M | $238.04M | $-71.04M | $237.10M | $218.71M | $207.84M | $-64.59M | $-12.37M | $54.47M | $52.48M | $-58.71M | $49.00M | $53.17M |
| Low Forecast | $328.90M | $315.74M | $323.09M | $314.26M | $304.46M | $292.10M | $297.84M | $289.30M | $274.14M | $266.48M | $264.42M | $251.74M | $245.68M | $236.58M | $236.99M | $226.58M | $222.05M | $236.30M | $237.92M | $-106.57M | $205.94M | $189.00M | $178.66M | $-96.88M | $-18.55M | $54.47M | $52.48M | $-88.07M | $49.00M | $53.17M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.05% | -0.68% | -1.08% | 0.70% | 1.11% | -1.30% | 1.68% | -0.37% | 0.98% |
14 analysts predict SQ's average Quarter EBITDA for Jun 23 to be $193.64M, with a high of $207.84M and a low of $178.66M. This is 122.57% upper than Block's previous annual EBITDA (Mar 23) of $87.00M.
Block Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 15 | 17 | 15 | 6 | 6 | 12 | 28 | 14 | 21 | 20 | 13 | 13 | 16 | 17 | 25 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-28.95M | $-122.51M | $-19.33M | $-117.62M | $-18.74M | $-209.28M | $-207.36M | $-80.98M | $84.00K |
| Avg Forecast | $1.35B | $1.35B | $1.30B | $1.21B | $1.16B | $1.16B | $1.11B | $1.04B | $963.19M | $944.73M | $879.85M | $804.48M | $767.84M | $752.84M | $702.47M | $626.33M | $545.25M | $557.32M | $524.48M | $-150.99M | $369.96M | $294.40M | $230.82M | $-137.27M | $-65.30M | $146.03M | $101.98M | $-124.79M | $146.16M | $240.33M |
| High Forecast | $1.48B | $1.48B | $1.43B | $1.33B | $1.27B | $1.28B | $1.22B | $1.14B | $1.06B | $1.03B | $963.76M | $881.21M | $841.07M | $824.64M | $769.47M | $734.09M | $622.22M | $560.42M | $527.37M | $-120.80M | $530.28M | $394.62M | $252.84M | $-109.81M | $-52.24M | $146.03M | $101.98M | $-99.83M | $146.16M | $240.33M |
| Low Forecast | $1.22B | $1.22B | $1.17B | $1.09B | $1.04B | $1.05B | $1.00B | $933.35M | $866.31M | $849.70M | $791.35M | $723.57M | $690.60M | $677.12M | $631.81M | $417.55M | $339.98M | $554.23M | $521.60M | $-181.19M | $252.81M | $219.23M | $207.61M | $-164.72M | $-78.37M | $146.03M | $101.98M | $-149.75M | $146.16M | $240.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.10% | -0.53% | 0.14% | 1.80% | -0.13% | -2.05% | 1.66% | -0.55% | 0.00% |
Block's average Quarter net income forecast for Dec 21 is $146.16M, with a range of $146.16M to $146.16M. SQ's average Quarter net income forecast represents a 173895.51% increase compared to the company's last Quarter net income of $84.00K (Sep 21).
Block SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 15 | 17 | 15 | 6 | 6 | 12 | 28 | 14 | 21 | 20 | 13 | 13 | 16 | 17 | 25 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $960.27M | $1.09B | $928.84M | $991.27M | $881.27M | $926.55M | $945.84M | $783.70M | $675.33M |
| Avg Forecast | $1.80B | $1.73B | $1.77B | $1.72B | $1.66B | $1.60B | $1.63B | $1.58B | $1.50B | $1.46B | $1.45B | $1.38B | $1.34B | $1.29B | $1.30B | $1.23B | $1.19B | $1.19B | $1.20B | $699.39M | $1.09B | $1.04B | $976.37M | $635.81M | $666.14M | $859.79M | $828.52M | $578.01M | $773.52M | $839.30M |
| High Forecast | $1.93B | $1.85B | $1.90B | $1.84B | $1.79B | $1.71B | $1.75B | $1.70B | $1.61B | $1.56B | $1.55B | $1.48B | $1.44B | $1.39B | $1.39B | $1.31B | $1.28B | $1.19B | $1.20B | $839.27M | $1.20B | $1.10B | $1.05B | $762.98M | $799.37M | $859.79M | $828.52M | $693.61M | $773.52M | $839.30M |
| Low Forecast | $1.66B | $1.59B | $1.63B | $1.58B | $1.54B | $1.47B | $1.50B | $1.46B | $1.38B | $1.34B | $1.33B | $1.27B | $1.24B | $1.19B | $1.19B | $1.14B | $1.12B | $1.19B | $1.20B | $559.52M | $1.04B | $952.98M | $900.83M | $508.65M | $532.92M | $859.79M | $828.52M | $462.41M | $773.52M | $839.30M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 1.11% | 1.46% | 1.49% | 1.02% | 1.12% | 1.64% | 1.01% | 0.80% |
Block's average Quarter SG&A projection for Dec 23 is $1.09B, based on 12 Wall Street analysts, with a range of $1.04B to $1.20B. The forecast indicates a 13.52% rise compared to SQ last annual SG&A of $960.27M (Sep 23).
Block EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 15 | 17 | 15 | 6 | 6 | 12 | 28 | 14 | 21 | 20 | 13 | 13 | 16 | 17 | 25 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.05 | $-0.20 | $-0.03 | $-0.26 | $-0.03 | $-0.36 | $-0.38 | $-0.18 | - |
| Avg Forecast | $2.14 | $2.14 | $2.06 | $1.92 | $1.83 | $1.84 | $1.76 | $1.64 | $1.52 | $1.49 | $1.39 | $1.27 | $1.21 | $1.19 | $1.11 | $0.99 | $0.86 | $0.88 | $0.83 | $0.72 | $0.58 | $0.47 | $0.36 | $0.35 | $0.30 | $0.23 | $0.16 | $0.20 | $0.23 | $0.38 |
| High Forecast | $2.34 | $2.34 | $2.26 | $2.10 | $2.00 | $2.02 | $1.93 | $1.80 | $1.67 | $1.64 | $1.52 | $1.39 | $1.33 | $1.30 | $1.22 | $1.16 | $0.98 | $0.89 | $0.83 | $0.72 | $0.84 | $0.62 | $0.40 | $0.39 | $0.33 | $0.23 | $0.16 | $0.20 | $0.23 | $0.38 |
| Low Forecast | $1.92 | $1.92 | $1.85 | $1.73 | $1.65 | $1.65 | $1.58 | $1.48 | $1.37 | $1.34 | $1.25 | $1.14 | $1.09 | $1.07 | $1.00 | $0.66 | $0.54 | $0.88 | $0.82 | $0.72 | $0.40 | $0.35 | $0.33 | $0.32 | $0.27 | $0.23 | $0.16 | $0.20 | $0.23 | $0.38 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.10% | -0.55% | -0.09% | -0.86% | -0.14% | -2.24% | -1.86% | -0.78% | - |
According to undefined Wall Street analysts, Block's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to SQ previous annual EPS of $NaN (undefined).
Block Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PATH | UiPath | $12.87 | $25.43 | 97.59% | Hold |
| OKTA | Okta | $73.69 | $116.97 | 58.73% | Hold |
| SQ | Block | $89.70 | $129.50 | 44.37% | Buy |
| MDB | MongoDB | $281.76 | $373.27 | 32.48% | Buy |
| ADBE | Adobe | $499.50 | $592.03 | 18.52% | Buy |
| ZS | Zscaler | $200.94 | $233.41 | 16.16% | Buy |
| MSFT | Microsoft | $415.49 | $442.47 | 6.49% | Buy |
| NET | Cloudflare | $96.47 | $95.45 | -1.06% | Hold |
| CRWD | CrowdStrike | $350.15 | $321.14 | -8.29% | Buy |
| PANW | Palo Alto Networks | $392.89 | $323.26 | -17.72% | Buy |
| ORCL | Oracle | $190.75 | $147.59 | -22.63% | Buy |
| PLTR | Palantir | $62.12 | $24.34 | -60.82% | Hold |