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 is becoming increasingly difficult to foresee further gross profit improvements for Block. Following a 22% increase in share value since the third-quarter report, maintaining a 'beat/raise cycle' into the years 2025 and 2026 appears challenging. There are concerns surrounding potential risks to the expected gross profit growth of Cash App, and the 'Rule-of-40' target for 2026 sets a high standard for per-employee profitability. This could make it tough for Block to continue enhancing gross profit without increasing its workforce.
Concerns that Block's target for at least 15% profit growth by 2025 might be overly ambitious have been countered by detailed reviews of the company's three key ecosystems. Analysis indicates that the Cash App, excluding the buy-now-pay-later feature, is capable of achieving mid-teens profit growth even with a moderate increase of 1M monthly active users and stable monetization rates. Furthermore, there's optimism that Square's profits could rise by 12% through initiatives like vertical integration and streamlined merchant onboarding processes. Additionally, the buy-now-pay-later segment is expected to see profit growth in the high-20% range by 2025. Collectively, these assessments support a projected growth in total gross profits for Block of at least 16% in 2025.
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BMO資本市場分析師Rufus Hone下調$Block (SQ.US)$至持有評級，並將目標價從94美元上調至100美元。
根據TipRanks數據顯示，該分析師近一年總勝率為78.9%，總平均回報率為16.8%。
此外，綜合報道，$Block (SQ.US)$近期主要分析師觀點如下：
目前預測Block的毛利潤進一步增長越來越困難。在第三季度報告後，股價上漲了22%，在2025年和2026年繼續維持『超出預期/提高週期』的目標顯得具有挑戰性。關於現金應用程序預期毛利潤增長的潛在風險存在擔憂，而到2026年的『40法則』目標爲每位員工的盈利能力設定了高標準。這可能使Block在不增加員工人數的情況下繼續提高毛利潤變得困難。
對於Block在2025年前實現至少15%利潤增長的目標過於雄心勃勃的擔憂，通過對公司三大關鍵生態系統的詳細審查得到了反駁。分析表明，現金應用程序在不考慮先買後付功能的情況下，即使月活躍用戶數穩步增加100萬，且貨幣化率保持穩定，仍有能力實現中等的利潤增長。此外，樂觀地認爲，Square的利潤可以通過垂直整合和簡化商戶入駐流程等舉措上升12%。另外，預計到2025年，先買後付板塊的利潤增長將在20%以上。綜合來看，這些評估支持對Block在2025年毛利潤總額至少增長16%的預期。
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