$Block (SQ.US)$J.P.Morgan analyst Tien-tsin Huang reiterated...
$Block (SQ.US)$ J.P.Morgan analyst Tien-tsin Huang reiterated the Overweight rating on Block, Inc. (NYSE:SQ), with a forecast of $90.
Block will release its fourth quarter and full year of 2023 results after the bell on Thursday, February 22, 2024.
Compared to the previous quarter’s lead-up, there has been a “quieter” call flow on Block in the quarter to be reported, per the analyst.
Questions mainly focus on CEO Jack Dorsey’s potential actions to boost Square’s GPV growth, particularly after assuming leadership of the seller ecosystem.
Additionally, inquiries revolve around management’s dedication to cost management and demonstrating operational leverage, the analyst adds.
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