Block Inc. stock dips on downgrade from Morgan Stanley

Yahoo Finance Video
6 個月前

Shares of Block, Inc. (SQ) are trading lower on Thursday afternoon as the company faced a downgrade from Morgan Stanley analysts, rating the stock Underweight from Equal-Weight and lowering the price target from $62 to 60. The analyst cites doubts about Cash App's ability to grow, especially with Gen Z consumers.

Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the latest development with Block.

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Editor's note: This article was written by Nicholas Jacobino