Block (SQ) Stock Forecast, Price Target & Predictions
SQ Stock Forecast
Block stock forecast is as follows: an average price target of $130.05 (represents a 103.23% upside from SQ’s last price of $63.99) 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 $130.05 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 103.23% upside from SQ's last price of $63.99.
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%), 26 'Buy' (70.27%), 10 'Hold' (27.03%), 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 |
|---|---|---|---|---|---|---|
| Sep 09, 2024 | Soomit Datta | New Street | $70.00 | $61.24 | 14.30% | 9.39% |
| Aug 16, 2024 | Jason Kupferberg | Bank of America Securities | $82.00 | $65.87 | 24.49% | 28.15% |
| Aug 02, 2024 | Charles Nabhan | Stephens | $90.00 | $60.01 | 49.98% | 40.65% |
| Aug 02, 2024 | Daniel Perlin | RBC Capital | $88.00 | $60.01 | 46.64% | 37.52% |
| Aug 02, 2024 | Rufus Hone | BMO Capital | $93.00 | $58.76 | 58.27% | 45.34% |
| Jul 26, 2024 | Trevor Williams | Williams Trading | $100.00 | $60.18 | 66.17% | 56.27% |
| Jul 12, 2024 | Bryan Keane | Deutsche Bank | $98.00 | $66.49 | 47.39% | 53.15% |
| Jun 24, 2024 | Will Nance | Goldman Sachs | $80.00 | $64.61 | 23.82% | 25.02% |
| Jun 24, 2024 | Ramsey El-Assal | Barclays | $100.00 | $64.47 | 55.12% | 56.27% |
| Apr 19, 2024 | David Koning | Robert W. Baird | $98.00 | $72.06 | 36.00% | 53.15% |
The latest Block stock forecast, released on Sep 09, 2024 by Soomit Datta from New Street, set a price target of $70.00, which represents a 14.30% increase from the stock price at the time of the forecast ($61.24), and a 9.39% increase from SQ last price ($63.99).
Block Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 9 | 25 |
| Avg Price Target | $76.00 | $89.00 | $90.44 |
| Last Closing Price | $63.99 | $63.99 | $63.99 |
| Upside/Downside | 18.77% | 39.08% | 41.33% |
In the current month, the average price target of Block stock is $76.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 18.77% increase as opposed to Block's last price of $63.99. This month's average price target is down -14.61% compared to last quarter, and down -15.97% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 09, 2024 | New Street | - | Neutral | Initialise |
| Aug 27, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Aug 16, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Aug 02, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Aug 02, 2024 | Stephens | Overweight | Overweight | Hold |
| Aug 02, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jul 26, 2024 | Macquarie | Outperform | Outperform | Hold |
| Jul 26, 2024 | Jefferies | Buy | Buy | Hold |
| Jul 26, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jul 18, 2024 | Bank of America Securities | Buy | Buy | Hold |
Block's last stock rating was published by New Street on Sep 09, 2024. The company Initialise its SQ rating from "null" to "Neutral".
Block Financial Forecast
Block Revenue Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.62B | $5.53B | $4.99B | $4.65B | $4.52B | - | $3.96B | $4.08B | $3.84B | $4.68B | $5.06B | $3.16B | $3.03B |
| Avg Forecast | $8.79B | $8.65B | $8.57B | $8.33B | $7.82B | $7.65B | $7.55B | $7.18B | $7.16B | $7.02B | $6.86B | $6.54B | $6.36B | $6.25B | $6.27B | $5.83B | $5.70B | $5.41B | $5.10B | $4.59B | $4.63B | $4.49B | $4.33B | $4.14B | $4.04B | $4.39B | $5.05B | $3.35B | $3.10B | $2.04B |
| High Forecast | $9.82B | $9.67B | $9.58B | $9.31B | $8.73B | $8.54B | $8.44B | $8.02B | $8.00B | $7.84B | $7.66B | $7.30B | $7.11B | $6.49B | $7.01B | $6.51B | $6.25B | $5.76B | $5.70B | $5.13B | $5.17B | $5.02B | $4.33B | $4.56B | $4.45B | $4.83B | $5.57B | $3.69B | $3.41B | $2.25B |
| Low Forecast | $8.34B | $8.21B | $8.13B | $7.90B | $7.41B | $7.25B | $7.16B | $6.81B | $6.79B | $6.66B | $6.50B | $6.20B | $6.03B | $5.99B | $5.95B | $5.53B | $5.43B | $4.98B | $4.84B | $4.35B | $4.39B | $4.26B | $4.33B | $3.88B | $3.80B | $4.12B | $4.74B | $3.14B | $2.91B | $1.92B |
| # Analysts | 13 | 7 | 7 | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 6 | 12 | 28 | 14 | 21 | 20 | 13 | 13 | 9 | 10 | 10 | 10 | 5 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.08% | 1.09% | 1.01% | 1.00% | - | 0.96% | 1.01% | 0.88% | 0.93% | 1.51% | 1.02% | 1.48% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 7 | 7 | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 6 | 12 | 28 | 14 | 21 | 20 | 13 | 13 | 9 | 10 | 10 | 10 | 5 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-9.91M | $-132.11M | $87.00M | $-10.88M | $60.35M | - | $-123.26M | $-18.18M | $52.06M | $229.52M | $69.41M | $338.87M | $70.75M |
| Avg Forecast | $106.56M | $104.91M | $103.94M | $100.99M | $94.76M | $92.67M | $91.53M | $87.03M | $86.81M | $85.12M | $83.13M | $79.24M | $77.11M | $75.81M | $76.05M | $-88.81M | $69.06M | $65.61M | $61.85M | $-80.73M | $56.08M | $79.65M | $52.48M | $-73.39M | $-14.05M | $72.41M | $1.16B | $42.95M | $225.91M | $39.86M |
| High Forecast | $119.03M | $117.19M | $116.11M | $112.82M | $105.86M | $103.52M | $102.25M | $97.22M | $96.98M | $95.08M | $92.86M | $88.52M | $86.14M | $78.63M | $84.96M | $-71.04M | $75.73M | $69.86M | $69.09M | $-64.59M | $62.64M | $95.58M | $52.48M | $-58.71M | $-11.24M | $86.89M | $1.39B | $51.54M | $271.09M | $47.83M |
| Low Forecast | $101.04M | $99.48M | $98.56M | $95.76M | $89.86M | $87.87M | $86.79M | $82.53M | $82.32M | $80.71M | $78.82M | $75.14M | $73.12M | $72.61M | $72.12M | $-106.57M | $65.78M | $60.37M | $58.65M | $-96.88M | $53.17M | $63.72M | $52.48M | $-88.07M | $-16.86M | $57.93M | $925.42M | $34.36M | $180.73M | $31.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.15% | -2.14% | -1.08% | -0.19% | 0.76% | - | 1.68% | 1.29% | 0.72% | 0.20% | 1.62% | 1.50% | 1.77% |
14 analysts predict SQ's average Quarter EBITDA for Jun 23 to be $61.85M, with a high of $69.09M and a low of $58.65M. This is -28.91% lower than Block's previous annual EBITDA (Mar 23) of $87.00M.
Block Net Income Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 7 | 7 | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 6 | 12 | 28 | 14 | 21 | 20 | 13 | 13 | 9 | 10 | 10 | 10 | 5 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-28.95M | $-122.51M | $-19.33M | $-117.62M | $-18.74M | - | $-207.36M | $-80.98M | $84.00K | $204.02M | $39.01M | $293.96M | $36.52M |
| Avg Forecast | $1.19B | $1.18B | $1.17B | $1.09B | $1.02B | $956.63M | $949.08M | $897.53M | $790.26M | $734.92M | $726.88M | $655.02M | $590.74M | $552.24M | $525.69M | $-150.99M | $370.82M | $295.08M | $231.36M | $-137.27M | $191.67M | $128.52K | $102.48M | $-124.79M | $-59.37M | $116.84K | $1.03B | $24.14M | $195.97M | $20.57M |
| High Forecast | $1.37B | $1.36B | $1.35B | $1.26B | $1.17B | $1.10B | $1.09B | $1.03B | $910.54M | $846.77M | $837.51M | $754.71M | $680.65M | $596.17M | $605.70M | $-120.80M | $531.50M | $395.53M | $266.57M | $-109.81M | $220.84M | $154.22K | $102.48M | $-99.83M | $-47.49M | $140.20K | $1.23B | $28.96M | $235.17M | $24.69M |
| Low Forecast | $1.11B | $1.10B | $1.09B | $1.02B | $950.12M | $892.26M | $885.21M | $837.13M | $737.09M | $685.47M | $677.97M | $610.94M | $550.99M | $401.63M | $490.32M | $-181.19M | $253.39M | $219.74M | $215.79M | $-164.72M | $178.77M | $102.81K | $102.48M | $-149.75M | $-71.24M | $93.47K | $822.61M | $19.31M | $156.78M | $16.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.10% | -0.53% | 0.14% | -0.61% | -145.85% | - | 1.66% | 1.36% | 0.72% | 0.20% | 1.62% | 1.50% | 1.77% |
Block's average Quarter net income forecast for Dec 21 is $-59.37M, with a range of $-71.24M to $-47.49M. SQ's average Quarter net income forecast represents a -70776.03% decrease compared to the company's last Quarter net income of $84.00K (Sep 21).
Block SG&A Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 7 | 7 | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 6 | 12 | 28 | 14 | 21 | 20 | 13 | 13 | 9 | 10 | 10 | 10 | 5 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $960.27M | $1.09B | $928.84M | $991.27M | $881.27M | - | $945.84M | $783.70M | $675.33M | $596.12M | $545.37M | $488.00M | $502.37M |
| Avg Forecast | $1.68B | $1.66B | $1.64B | $1.59B | $1.50B | $1.46B | $1.44B | $1.37B | $1.37B | $1.34B | $1.31B | $1.25B | $1.22B | $1.20B | $1.20B | $699.39M | $1.09B | $1.04B | $976.37M | $635.81M | $885.23M | $1.03B | $828.52M | $578.01M | $605.59M | $939.32M | $3.00B | $337.45M | $325.33M | $283.04M |
| High Forecast | $1.88B | $1.85B | $1.83B | $1.78B | $1.67B | $1.63B | $1.61B | $1.53B | $1.53B | $1.50B | $1.47B | $1.40B | $1.36B | $1.24B | $1.34B | $839.27M | $1.20B | $1.10B | $1.09B | $762.98M | $988.86M | $1.24B | $828.52M | $693.61M | $726.70M | $1.13B | $3.61B | $404.94M | $390.40M | $339.65M |
| Low Forecast | $1.60B | $1.57B | $1.56B | $1.51B | $1.42B | $1.39B | $1.37B | $1.30B | $1.30B | $1.27B | $1.24B | $1.19B | $1.15B | $1.15B | $1.14B | $559.52M | $1.04B | $952.98M | $925.83M | $508.65M | $839.40M | $826.60M | $828.52M | $462.41M | $484.47M | $751.45M | $2.40B | $269.96M | $260.26M | $226.43M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 1.11% | 1.46% | 1.12% | 0.85% | - | 1.64% | 1.29% | 0.72% | 0.20% | 1.62% | 1.50% | 1.77% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 7 | 7 | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 6 | 12 | 28 | 14 | 21 | 20 | 13 | 13 | 9 | 10 | 10 | 10 | 5 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.05 | $-0.20 | $-0.03 | $-0.26 | $-0.03 | - | $-0.38 | $-0.18 | - | $0.45 | $0.09 | $0.65 | $0.08 |
| Avg Forecast | $1.88 | $1.86 | $1.85 | $1.72 | $1.61 | $1.51 | $1.50 | $1.42 | $1.25 | $1.16 | $1.15 | $1.03 | $0.93 | $0.87 | $0.83 | $0.72 | $0.58 | $0.47 | $0.36 | $0.35 | $0.30 | $0.23 | $0.16 | $0.20 | $0.23 | $0.38 | $0.33 | $0.17 | $0.24 | $0.16 |
| High Forecast | $2.17 | $2.14 | $2.13 | $1.98 | $1.85 | $1.74 | $1.72 | $1.63 | $1.44 | $1.34 | $1.32 | $1.19 | $1.07 | $0.94 | $0.96 | $0.83 | $0.84 | $0.62 | $0.42 | $0.41 | $0.35 | $0.27 | $0.16 | $0.23 | $0.26 | $0.43 | $0.38 | $0.19 | $0.27 | $0.18 |
| Low Forecast | $1.75 | $1.73 | $1.73 | $1.60 | $1.50 | $1.41 | $1.40 | $1.32 | $1.16 | $1.08 | $1.07 | $0.96 | $0.87 | $0.63 | $0.77 | $0.67 | $0.40 | $0.35 | $0.34 | $0.33 | $0.28 | $0.21 | $0.16 | $0.19 | $0.21 | $0.35 | $0.31 | $0.16 | $0.22 | $0.15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.10% | -0.55% | -0.09% | -0.86% | -0.14% | - | -1.86% | -0.78% | - | 1.36% | 0.53% | 2.69% | 0.50% |
According to 10 Wall Street analysts, Block's projected average Quarter EPS for Sep 21 is $0.38, with a low estimate of $0.35 and a high estimate of $0.43. This represents a -15.79% decrease compared to SQ previous annual EPS of $0.45 (Jun 21).
Block Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PATH | UiPath | $12.51 | $25.53 | 104.08% | Hold |
| SQ | Block | $63.99 | $130.05 | 103.23% | Buy |
| OKTA | Okta | $74.06 | $120.69 | 62.96% | Hold |
| ZS | Zscaler | $170.06 | $232.54 | 36.74% | Buy |
| MDB | MongoDB | $290.09 | $373.27 | 28.67% | Buy |
| CRWD | CrowdStrike | $259.13 | $322.56 | 24.48% | Buy |
| NET | Cloudflare | $78.59 | $95.00 | 20.88% | Hold |
| ADBE | Adobe | $536.87 | $589.17 | 9.74% | Buy |
| MSFT | Microsoft | $430.59 | $432.95 | 0.55% | Buy |
| PANW | Palo Alto Networks | $346.90 | $312.48 | -9.92% | Buy |
| ORCL | Oracle | $162.03 | $143.87 | -11.21% | Buy |
| PLTR | Palantir | $35.59 | $20.72 | -41.78% | Buy |
SQ Forecast FAQ
Is Block a good buy?
Yes, according to 37 Wall Street analysts, Block (SQ) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 26 'Buy' recommendations, accounting for 70.27% of SQ's total ratings.
What is SQ's price target?
Block (SQ) average price target is $130.05 with a range of $55 to $340, implying a 103.23% from its last price of $63.99. The data is based on 37 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Block stock go up soon?
According to Wall Street analysts' prediction for SQ stock, the company can go up by 103.23% (from the last price of $63.99 to the average price target of $130.05), up by 431.33% based on the highest stock price target, and down by -14.05% based on the lowest stock price target.
Can Block stock reach $100?
SQ's average twelve months analyst stock price target of $130.05 supports the claim that Block can reach $100 in the near future.
What is Block's current price target trend?
2 Wall Street analysts forecast a $76 price target for Block (SQ) this month, up 18.77% from its last price of $63.99. Compared to the last 3 and 12 months, the average price target increased by 39.08% and increased by 41.33%, respectively.
What are Block's analysts' financial forecasts?
Block's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $30.2B (high $33.73B, low $28.63B), average EBITDA is $366M (high $408.85M, low $347.05M), average net income is $3.82B (high $4.4B, low $3.56B), average SG&A $5.78B (high $6.45B, low $5.48B), and average EPS is $6.03 (high $6.94, low $5.62). SQ's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $34.35B (high $38.37B, low $32.57B), average EBITDA is $416.39M (high $465.14M, low $394.84M), average net income is $4.64B (high $5.34B, low $4.32B), average SG&A $6.57B (high $7.34B, low $6.23B), and average EPS is $7.31 (high $8.42, low $6.82).
Did the SQ's actual financial results beat the analysts' financial forecasts?
Based on Block's last annual report (Dec 2022), the company's revenue was $17.53B, which missed the average analysts forecast of $17.59B by -0.31%. Apple's EBITDA was $-142M, missing the average prediction of $114.82M by -223.67%. The company's net income was $-553M, missing the average estimation of $169.49M by -426.28%. Apple's SG&A was $3.74B, beating the average forecast of $3.33B by 12.63%. Lastly, the company's EPS was $-1.21, missing the average prediction of $0.897 by -234.87%. In terms of the last quarterly report (Sep 2023), Block's revenue was $5.62B, beating the average analysts' forecast of $5.41B by 3.78%. The company's EBITDA was $-9.908M, missing the average prediction of $65.61M by -115.10%. Block's net income was $-28.954M, missing the average estimation of $295.08M by -109.81%. The company's SG&A was $960.27M, missing the average forecast of $1.04B by -7.29%. Lastly, the company's EPS was $-0.0474, missing the average prediction of $0.465 by -110.19%