BMO Capital analyst Rufus Hone downgrades $Block (SQ.US)$ to a hold rating, and adjusts the target price from $94 to $100.
According to TipRanks data, the analyst has a success rate of 78.9% and a total average return of 16.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Block (SQ.US)$'s main analysts recently are as follows:
It has reportedly become more challenging to anticipate higher gross profit margins at Block. Following a 22% increase in share value since the third quarter, maintaining the current pace of financial outperformance in 2025 and 2026 might be tough. The expected growth in gross profits from Cash App may bear potential risks, and achieving the 'Rule-of-40' target by 2026 could set a steep challenge in terms of profitability per employee. There are concerns that sustaining Block's gross profit growth could prove increasingly demanding without an increase in staffing levels.
Despite some investors' concerns that Block's initial 2025 guidance of at least 15% profit growth might be overly ambitious, an analysis of the company's three ecosystems suggests a more promising outlook. Even with incremental growth in monthly active users and moderated growth in monetization rates, Cash App excluding buy-now-pay-later is projected to achieve mid-teens profit growth. Moreover, initiatives like merchant verticalization and simplified onboarding processes could catalyze a 12% growth in Square profits. Additionally, a high-20% profit growth is anticipated for the buy-now-pay-later sector by 2025. These conservative estimates collectively support a projection of at least 16% total gross profit growth for Block in 2025.
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BMO资本市场分析师Rufus Hone下调$Block (SQ.US)$至持有评级，并将目标价从94美元上调至100美元。
根据TipRanks数据显示，该分析师近一年总胜率为78.9%，总平均回报率为16.8%。
此外，综合报道，$Block (SQ.US)$近期主要分析师观点如下：
据报道，预测Block更高的毛利率变得更具挑战性。自第三季度以来，股票价值增长了22％，在2025年和2026年保持目前的财务表现跑赢大盘的步伐可能很困难。Cash App毛利的预期增长可能会带来潜在的风险，到2026年实现 “40条规则” 的目标可能会给每位员工的盈利能力带来严峻挑战。有人担心，在不增加人员配置的情况下，维持Block的毛利增长可能会越来越苛刻。
尽管一些投资者担心Block最初提出的2025年利润增长至少15％的预期可能过于雄心勃勃，但对该公司三个生态系统的分析表明，前景更加乐观。尽管每月活跃用户的增量增长和获利率的适度增长，但不包括先买后付的Cash App预计仍将实现青少年中期的利润增长。此外，商户垂直化和简化入职流程等举措可以促进Square利润增长12％。此外，到2025年，“先买后付” 行业的利润预计将高达-20％。这些保守的估计共同支持了2025年Block总毛利增长至少16％的预测。
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