Block Stock—and Three Other Fintech Picks from Oppenheimer Analysts
BLOCK(SQ) Investopedia·2024-12-19 16:31
Key TakeawaysBlock’s shares were recently higher after dropping yesterday, extending a pullback from early December highs after a steady climb from summer levels. An upgrade from Oppenheimer, which boosted its rating to “outperform” from “perform," and a bullish price target lifted the stock.The analysts cited the expectation of payment value growth at its Square business, an upbeat outlook for profit margins, and its bitcoin mining business as tailwinds for the shares. Shares of Block rose Thursday mornin ...