5 Stocks Getting a Huge Vote of Confidence From Wall Street Analysts

03. Block, Inc. (NYSE:SQ)

Number of Hedge Fund Holders: 64

On July 28, Exane BNP Paribas, a prominent financial institution, made a significant and notable upgrade for Block, Inc. (NYSE:SQ). The company’s rating has been double upgraded from Underperform to Outperform, indicating a drastic change in their assessment of Block, Inc. (NYSE:SQ) future prospects. Furthermore, along with the upgrade, Exane BNP Paribas has also raised the price target for Block from $60 to $95. This revised price target reflects the financial institution’s increased optimism about the stock’s potential growth and performance. The decision to double upgrade Block, Inc. (NYSE:SQ) to an Outperform rating demonstrates Exane BNP Paribas’ confidence that the company’s stock is likely to perform better than previously expected.